Vietnam exported $485.40 million worth of woodwork from March 1-15 and $2.07 billion from January 1 to March 15, an increase of 13.8 percent compared to the same period last year.

The novel coronavirus (COVID-19) pandemic has had negative impacts on the domestic wooden processing industry, but this is also an opportunity for timber enterprises to review their production and business methods maintain stability

The new regulation on certificate of origin (C/O) makes it more for Vietnam to obtain $11 billion in woodwork exports this year as planned.

The US-China trade war has led toChinese wooden furniture manufacturers moving production to Vietnam, bringing risks to the domestic woodwork industry.

Vietnamese wooden furniture manufacturers face a shortage of workers, modern technology and money to upgrade technology.

As the biggest wood chip exporter in the world, Vietnam is facing big difficulties.

Amid the US-China trade war, the US is paying higher notice to Vietnamese products. As a result, enterprises have had to change business practices to adapt to new circumstances.

Woodwork exports increased sharply in Q1, partially thanks to higher demand from the US. However, experts say this may not be good news for the industry.

VietNamNet Bridge - Vietnam is a big woodwork exporter, but products are labeled as foreign made, with few local brands.

VietNamNet Bridge - Though exports have been growing well, concern still exists because wooden furniture industry is in need of materials.

VietNamNet Bridge - 2017 is the first year Vietnam gained a 2-digit growth rate in wooden furniture exports thanks to heavy investment in technology and design.