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April 15, 2021
High ocean freight rates threaten Vietnamese wood exports
There is no sign of lowering ocean freights, and there is still a shortage of containers, which is a big challenge for Vietnam’s wood products export. According to Vietnam's Timber and Forest Product Association (VIFOREST), the export of wood products this year is expected to reach 14 billion US dollars, requiring 800.000 empty containers, which is 1.2-1.5 times that of last year, including 500.000 empty containers for exports to the United States. Although the shortage of containers has eased, there is still a 20% gap ...
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