NEWS

Vietnam's export timber orders to the U.S., EU, and the UK have fallen considerably, down 38% in June vs. last year, followed by a decline of 5.5% in July.  All three areas are experiencing high inflation, high interest rates, and higher freight costs. Another contributing factor is excessive retail inventory.

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Viewpoints: Vietnamese timber exports to the US, EU and UK are dropping. Will this cause Vietnam’s efforts to ensure legal sourcing of its timber industry to lose momentum?