News archive

Tag: cancel

Vietnamese wood products manufacturers face cancellation and delays from U.S. and EU buyers

16-04-2020
Vietnam, wood products, manufacturers, delay, cancellation, orders, impact, coronavirus

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, reported VN Express. 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, …

Subscribe to our newsletter