U.S. Imports Of Vietnamese Hardwood Plywood Surge As Their Prices Plummet
U.S. imports of hardwood plywood from Vietnam and Indonesia increased as imports from China fell by 50,000 to 100,000 cubic meters per month. Vietnam's export volume rose by 25,000 cubic meters per month but their prices into the U.S. dropped below the world average for the first time.
There are now 867 direct foreign investment companies operating in the wood industry in Vietnam, with total capital of $5.5 billion. 63% are funded by investors from China, South Korea, and Japan.