Opportunity knocks for wood firms

The European market door is to open to Vietnamese wood exporters. From March 2013, to enter the EU, made-in-Vietnam wood products will have to be awarded with the Forest Law Enforcement, Governance and Trade (FLEGT) certificate, according to a FLEGT voluntary partnership agreement (VPA) whose negotiations were just initiated by Vietnam and the EU. The [...]

Rescue mission for wood workers

Wooden handicraft and furniture manufacturers have been given the kiss of life. Vietcombank is offering a commercial supportive programme specially tailored to wood industry businesses and handicraft manufacturers with a committed credit package of VND1 trillion ($48.3 million). Under the programme, Vietcombank will render a package support to businesses acquiring export letters of credit (L/C) [...]

Woodwork exports hit us$1.7 billion

Vietnam in the first six months of 2011 obtained around US$1.7 billion in woodwork and handicraft export revenue, up by US$200 million year-on-year, as foreign buyers earlier signed large import contracts given low prices. However, the Handicraft and Wood Industry Association of HCMC (Hawa) said local enterprises would be hesitant at large export contracts in [...]

Vietnamese rushing to China to purchase wooden furniture

Going to China to purchase wooden furniture products is the choice of many people, who want to both travel to China and save money in decorating their homes. Hearing from friends that wooden furniture products in China are very cheap, which have the prices just equal to 2/3 or ½ of the domestic sale prices, [...]

Wood exporters to cope with tougher rules

Vietnamese timber and wood product exporters will have to develop an elaborate system to ensure the legality of materials used to avoid the risk of losing their footholds in key markets like the US and the EU. For instance, they would need to show they have procured wood from areas with approved forest management plans [...]

High class wood items export to China increases

Vietnamese wood items export turnover into China gained a sharp growth of 2.45 billion US dollar in January – Sep period, rising 38.4 percent in comparison with a year ago thanks to high consumption demand, said Dang Quoc Hung, deputy chair of the Handicraft and Wood Industry Association of HCM City (HAWA). In first eight [...]

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • Gold Ends Higher, Dips On Bernanke Speech
  • Gold up after Bernanke’s dim view
  • Gold gained for the first time in three days after U.S. jobless claims unexpectedly rise
  • Stocks close down from opening highs
  • Investors cautious over economic data
  • Accord to lift gas supply sealed
  • CNPC To Sell Bonds
  • Pang Da’s Shares Tumble On Saab’s Bankruptcy Move

Sponsored

Looking for an overseas forex broker?