Vietnam: Exports of wood products expected to fall sharply as main markets are under lockdown
Vietnam will see significant decline in exports of timber and wooden products in the next three months due to COVID-19. Five major markets account for nearly 90 per cent of Vietnam's wood and wood products exports including the U.S. (accounting for 50 per cent), Japan (13 per cent), China (12 per cent), the EU (8 per cent) and South Korea (8 per cent). Currently, some seaports in the U.S. are closed to imported goods. Also, wooden furniture is not considered an essential good, said Nguyen Liem, chairman of the Binh Duong Wood ...
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