Vietnam’s main business partners suspend wood products import orders

Vietnam’s main business partners suspend wood products import orders
The export market shares of wood and wooden products of Vietnam are mainly in the US, Japan, Europe, and China, accounting for more than 85 percent of the total export value of the industry. However, these markets are struggling due to the pandemic so many importers have temporarily suspended import orders.    According to the General Department of Vietnam Customs, in the first two months of this year, wood and wooden product export turnover of Vietnam nearly reached US$1.6 billion, an increase of 18 percent over the same period last year. However, in the first ...

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