Source: vneconomy.vn
According to the latest data from the Import-Export Department (Ministry of Industry and Trade), in the first 11 months of 2021, the export value of wood and wood products is estimated at 13.2 billion USD, up 20% over the same period in 2020.
In general, in the first 11 months of 2021, the wood industry grew well, thanks to the efforts of enterprises to maintain production while the epidemic broke out in many provinces and cities across the country and production recovered quickly after the easing of the lockdown. society.
With the current growth rate, it is estimated that in 2021, the export value of wood and wood products will reach 14.3 billion USD, up 14.3% compared to 2020, completing 98.7% of the set target. for the year 2021.
The growth driver of the wood industry focuses on the group of wooden furniture. The export value of this group of products accounted for 67.6% of the total export value of wood and wood products in the first 11 months of 2021, reaching $8.2 billion, up 21.7% over the same period in 2020. Market size The global wooden furniture market is very large and is expected to continue to increase in the near future.
According to the Vietnam Wood and Forest Products Association, Vietnam is currently the world’s second largest exporter of wooden furniture, but it still accounts for a small proportion, leaving a lot of room to increase market share.
In addition, in the first 11 months of 2021, products such as wood, planks and flooring, wood chips for doors, mirror frames for export have a high growth rate, only fine art furniture has a decrease in value.
Although it has overcome the Covid-19 wave and successfully reached the finish line in 2021, the Vietnamese wood industry still has many worrying problems, especially the phenomenon of Chinese wood disguised as Vietnamese wood to break into the US market.
According to the Vietnam Timber and Forest Products Association, in the past two years, when the US applied trade remedies against some wood products and wood products exported from China, by imposing tariffs on anti-dumping, high subsidies with tax rates from 55% to nearly 200% for some products such as plywood, kitchen cabinets, bathroom cabinets, wooden sofas…
In order to bypass this control gate, some Chinese enterprises redirect investment or find measures to avoid the above tax rate, in which Vietnam can be selected as one of the destinations.
According to statistics of the General Department of Customs, in the first 10 months of 2021, Vietnam remains the largest wooden furniture supplier to the United States, reaching $7.9 billion, up 44.5% over same period in 2020.
However, to protect domestic production, the US has created many barriers for suppliers, including Vietnam. Recently, according to information from the Trade Remedies Department received from the Vietnam Trade Office in the United States, the US Customs and Border Protection Agency has initiated an investigation against evasion of the obligation to pay trade remedy tax. and apply temporary measures to wooden cabinet products imported from a number of Vietnamese companies.
The Trade Remedies Department has recommended that Vietnamese manufacturing, export and business industries need to equip themselves with basic knowledge of trade remedy legislation and prepare resources to deal with the threat of lawsuits.
In addition, this agency also noted that enterprises should monitor warning information during export to other countries, fully cooperate with investigation agencies and closely coordinate with the Ministry of Industry and Trade in the process of exporting to other countries. handle the case.
