Vietnam becomes more important in the U.S supply chain
Hanoi (VNA) – Vietnam is currently the 10th largest trading partner of the United States and an important link in this country’s supply chain. Recently, 90 CEOs of leading US companies have urged President Joe Biden to accelerate the donation of vaccines to Vietnam as it battles its most serious COVID-19 outbreak, Dau Tu (Investment) online newspaper reported. […]
Vietnam replaces China as largest furniture exporter to US
Vietnam has overtaken China as the largest furniture exporter to the U.S. as tariffs drive manufacturers out of the world’s second largest economy. Vietnam exported $7.4 billion worth of furniture to the U.S. last year, compared to China’s $7.33 billion, according to data from U.S. magazine Furniture Today. This marked a 31 percent year-on-year surge for Vietnam, […]
More than 51% of wood producers in Vietnam have to reduce production
Vietnamese industry – growth disrupted In the recent decade, based on 2 key competitive advantages, including cheap labour (average monthly wage of US$300) and an abundant wood supply (3 million ha. of fast growing acacia plantation and 1 million ha. of rubberwood., Vietnam’s wood and wood product (W&WP) exports have consistently grown at over 10% […]