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October 31, 2022

Vietnam’s wood trade under pressure due to logging, Ukraine war

Vietnam’s wood trade under pressure due to logging, Ukraine war
Reputational risks are piling up for a Vietnamese lumber industry already beset by a falloff in demand from the heights of the pandemic.    One of the world's biggest wood and furniture exporters, Vietnam enjoyed a surge in orders when overseas buyers spent COVID lockdowns renovating their home offices and kitchens.    But the Southeast Asian country faces accusations of importing Chinese goods for re-export with "Made in Vietnam" labels since the onset of the China-U.S. tariff war in 2018. Now an actual war in Ukraine is stoking concern that ...

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