Great Opportunities for Vietnamese Wood and Wood Products Export Enterprises in 2019

Great Opportunities for Vietnamese Wood and Wood Products Export Enterprises in 2019

According to the Ministry of Agriculture and Rural Development of Vietnam, it is predicted that in 2019 Vietnamese timber and wood products export enterprises will have great opportunities, and for the export market, especially in the United States, will be more POs. In addition, the Vietnam-EU Free Trade Agreement and the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) will help to increase the number of export orders for timber and wood products.

At the same time, the Ministry of Agriculture and Rural Development pointed out that the timber industry will face many difficulties, especially countries will increase the transfer of production to Vietnam. According to incomplete statistics, about 68 wood products enterprises have invested in Vietnam in 2018, of which 26 are from China. Vietnam Domestic woodwork and handicraft enterprises will face fierce competition.

From my personal investigation ,we found that in the plywood and kitchen cabinets industries ,more and more chinese cmpanies went to vietnam for invest and build their factories in vietnam .This kind of trend will also create so many new industries and jobs like our QC an sourcing opportunities .Create more quality inspection and procurement professions. But it’s limited to the U.S. market.

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