Foreign direct investment firms in Vietnam have reported export revenue of more than US$1.78 billion from wood and wooden products this year, according to the Vietnam Industry and Trade Information Centre (Vinanet). The figure is 4.8 per cent higher than over the same time in 2017, and makes up about 43.2 per cent of Vietnam’s total export …
06-08-2018
Swedish forest industry, softwood logs, hardwood logs, imports, exports
Although consumption of wood raw-material by the Swedish forest industry has risen, according to Wood Resource Quarterly, in 2017 and early 2018, sawmills have struggled to fill their inventories. Softwood log imports went up more than 25 per cent during the first four months of 2018 as compared to the same period in 2017 – even though the …
26-07-2018
Vietnam, BIFA Wood Vietnam, Furniture, Wood, Panels, Timber, Market, Export, Wood Industry, Woodworking, Southeast Asia, Growth
Vietnam’s woodworking industry is seeing significant growth in recent years. Just last year alone, the industry saw a revenue of US$8 billion, a 10 per cent growth from US$7.3 billion in 2016. The country’s phenomenal growth in the last decade has made it a serious contender to overtake China as the world’s manufacturing …
24-07-2018
Vietnam, Asia, Timber, Wood, Wood Industry, Industry, Material, Business, MDF, Binh Duong, Bui Nhu Viet, BIFA Wood Vietnam, Powerful, Long Viet, Export
Mr Bui Nhu Viet, General Director of Long Viet With a focus on veneer, melamine, MDF, particle boards and components, Long Viet has chosen to specialise in the basic materials of the furniture industry. And though they do not export their products to other countries, according to Mr Bui Nhu Viet, general director of Long Viet, many other …
20-07-2018
Vietnam, Asia, Timber, Wood, Wood Industry, Industry, Material, Business, Manufacturing, Export, Market
Vietnam’s woodworking industry is seeing significant growth in recent years. Just last year alone, the industry saw a revenue of US$8 billion, a 10 per cent growth from US$7.3 billion in 2016. The country’s phenomenal growth in the last decade has made it a serious contender to overtake China as the world’s manufacturing …
18-07-2018
Vietnam, Asia, Timber, Wood, Wood Industry, Industry, Material, Business, Binh Uuong, Huynh Quang Thanh, BIFA Wood Vietnam, Smart City, Vision, Export
Huynh Quang Thanh, Chairman of Binh Duong Furniture Association (BIFA) Although second to China, Vietnam still holds an advantageous position when it comes to wood-based products manufacturing and exports. With China’s imposition of taxes on wood products exports and Southeast Asia reporting a labour crunch, Vietnam can expect less …
16-07-2018
vietnam, asia, timber, wood, wood industry, industry, material, export, business, binh duong, Nguyen Van Danh, BIFA Wood Vietnam, economy
Nguyen Van Danh, Director of Binh Duong Industry and Trade Department, Executive of the People's Committee of Binh Duong Province, and Congressman of Vietnam Driven by pro-business policies, Vietnam’s south has, for years, attracted foreign direct investments, transforming sleepy towns into industrial powerhouses. Binh Duong is one such …
13-07-2018
vietnam, vpa, asia, timber, wood, woodindustry, material, illegal, legality, export, business, financial, government, flegt
The artisanal community must also be brought through the VPA. Vietnam still has obstacles to overcome to reach the key objective of its EU Forest Law Enforcement Governance and Trade Voluntary Partnership Agreement (FLEGT VPA) — issuing FLEGT licences that assure the legality of its timber exports to the EU. The country’s …
10-05-2018
Russia, export duties, Sylva Wood
Logs exiting Russia’s Far East have been slapped with a 6.5 per cent export duty since last December. The progressive tax rate will climb to 40 per cent in 2019, 60 per cent in 2020 and up to 80 per cent by 2021. The tax rate varies across species and regions. However, logs unsuitable for processing are exempted from this duty but the …
22-02-2018
ITTO, Malaysia, exports
Malaysia’s exports rose almost 19 per cent in 2017 compared to a year earlier, the fastest pace of expansion since 2005. For the ninth consecutive year, China was again Malaysia’s main trading partner. Last year, Malaysia’s exports to China rose by almost a third while imports jumped 15 per cent. Of concern to exporters is the …
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