Vietnam wood sector strives to regain growth pace

Exports had been strong in the first half of last year, but orders had dropped sharply thereafter, and companies have gotten just a few orders this year, said Vietnam Timber and Forest Products Association chairman Do Xuan Lap. — VNA:VNS

HO CHI MINH CITY: Faced with a slump in export orders, woodworking firms have been striving to stay afloat in various ways.

Do Thi Kim Loan, general director of Sao Nam Trading and Production Co Ltd, which makes wooden flooring, said the company’s export orders are down 35% to 40% year-on-year this year, as orders from the US market, its major export market, dropped sharply.