Vietnamese timber exporters face sharp decline in overseas orders

Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities. Data from the General Department of Customs showed that the export turnover of wood and wooden products reached $3.9 billion in the first four months, down 30.6% year-on-year. At the same time, the import value of wood and wooden products also decreased significantly to $634 million, down 33.6% over the same period last year. During the ...