Vietnam: Timber companies call for support as wood exports slump

Vietnamese timber companies were calling for support in terms of market information, requirements and consumer tastes to cope with declining exports which were pushing them into many difficulties from the beginning of this year. The export of timber and wood products, after many years of rapid increases, dropped significantly from the beginning of this year. Statistics of the Vietnam Timber and Forest Products Association (Viforest) showed that wood exports were estimated at 4.7 billion USD in January – May, falling by nearly 30% against the same period last year. Viforest President Do Xuan Lap said that wood ...