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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Sawmilling / Statistics / Wood flooring / Wood Products / Wood-based panels / Asia & Middle East / China / Global
February 25, 2020

Vietnam’s timber industry hit hard by the coronavirus outbreak in China

Vietnam’s timber industry hit hard by the coronavirus outbreak in China
   Vietnam’s timber sector is suffering. The number of infections caused by coronavirus (COVID-19) in Vietnam may be relatively small – 16 confirmed infected individuals, 15 of whom have since recovered, out of a population of 96 million people — but the economic effects have been far reaching.    According to Phuc Xuan To, programme analyst at Forest Trends, in 2019 Vietnam exported $972.2 million worth of timber products to China and imported $395.5 million worth of timber products from China. These figures were compiled from Vietnam Customs data that isn’t publicly available ...

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