The profits of the four major furniture giants in Vietnam have plummeted, and orders may further decrease in the second quarter of 2023 According to a report by Vietnamese media on May 17th, four major furniture manufacturers in Vietnam, Phu Tai, An Cuong, Truong Thanh, and Duc Thanh, reported a sharp drop in profits in the first quarter of this …

The focus of Vietnam’s timber industry is shifting, and China’s competitive pressure may increase Previously, against the backdrop of rapid global market expansion, the Vietnamese timber industry maintained a double-digit export growth rate with high production capacity and cost-effectiveness. However, under the impact of the epidemic and global inflation, the weaknesses of Vietnam’s timber industry have also been exposed this …

In March 2023, Vietnam’s exports of wood and wood products increased by 36.3% month on month April 6, 2023 Source: According to statistics from the General Administration of Customs of Vietnam, in March 2023, the export value of wood and wooden products reached 1.2 billion US dollars, an increase of 36.3% month on month and a decrease of 22.8% year …