More than 80% of US and EU importers canceled Vietnamese wood import orders because of Covid-19

More than 80% of US and EU importers canceled Vietnamese wood import orders because of Covid-19

Wood and plywood manufacturers in Vietnam suffered greatly due to covid-19 The wood industry was facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA). VTFPA said that the US, EU, Japan, South Korea and China accounted for over 90 per cent of the country’s wood export market, and had all been strongly affected by COVID-19. “Many Vietnamese wood processing enterprises have had orders cancelled of suspended,” said the association. Since March, 80 per cent of exporters to...

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