As much as 80 per cent of timber buyers from the U.S. and EU have delayed or cancelled their orders as of March 30 due to new coronavirus. The cancellation and delay rate from South Korea and Japan buyers is an estimated 60 to 80 per cent. This can potentially wreck severe damage to Vietnam’s timber industry this year, the Association of Vietnam Timber and Forest Product (Viforest) said. Vu Hai Bang, CEO of Woodsland, one of the largest timber exporters in the country, said that ...
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