COVID Lockdowns Deal Blow To Vietnam's Timber & Furniture Industries
After three months of severe pandemic-related lockdowns in Vietnam, some furniture companies are moving production back to China. Vietnam's government ordered all factories to shut down after a June outbreak of COVID, only allowing them to reopen if workers were housed on-site. About 50% of timber processing companies in Vietnam were forced to stop operations and are now facing the possibility of bankruptcy. Others are still allowed to operate but are at less than 50% of capacity.
- Woodworking Network: Back to China: Companies are leaving Vietnam after COVID shutdowns
- Timber Industry News: 50% of Vietnamese timber processing companies face the risk of bankruptcy
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