Vietnams furniture exports

To Ngoc Ngoi, general director of the Vinafor Saigon Company, said the country gained growth in the export of timber and wooden products in the first eight months and this positive situation is forecasted to continue until year end. Therefore, the domestic wood industry expects to reach its export target of $12 billion this year. … [Read more...] about Viet Nam likely to gain export target for timber and wooden products this year: experts

In addition, Việt Nam has ratified free trade agreements with many partners such as the EU, Japan, Chile and South Korea and it is implementing those FTAs so Việt Nam’s many goods enjoy reductions or elimination in import duties. That would create a competitive advantage for export goods of Việt Nam to those markets.  … [Read more...] about Việt Nam likely to gain export target for timber and wooden products this year: experts

Hanoi (VNS/VNA) - Experts believe Vietnam this year will reach its export target for timber and wooden products at 12 billion USD, despite the impact of the COVID-19 pandemic. According to the Import and Export Department under the Ministry of Industry and Trade (MoIT), the export value of timber and wood products in August was estimated at 1.15 billion USD, up 21.7 percent year on year. Of which, the export value of wooden products was 924 million USD, up 35.2 percent compared to August 2019. In the first eight months of this year, the export value of timber and wooden products stood at 7.3 billion USD, up 9.6 percent over the same period in 2019, including 5.45 billion USD from wooden product exports, up 14 percent. To Ngoc Ngoi, General Director of the Vinafor Saigon Company, said the country gained growth in the export of timber and wooden products in the first eight months and this positive situation is forecasted to continue until year end. Therefore, the … [Read more...] about Vietnam likely to gain export target for timber and wooden products

In addition, Viet Nam has ratified free trade agreements with many partners such as the EU, Japan, Chile and South Korea and it is implementing those FTAs so Viet Nam’s many goods enjoy reductions or elimination in import duties. That would create a competitive advantage for export goods of Viet Nam to those markets. … [Read more...] about Vietnam likely to gain export target for timber and wooden products this year: experts

Nguyen Hoang Dung, an economist and former R&D director of the HCM City Institute of Economy and Management, said: "It is necessary to analyse the reasons why the recent support packages are difficult to disburse. If the conditions are too difficult, they can be relaxed. If banks or officials in charge of approving applications cause difficulties for businesses, that should be corrected immediately. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 13