It seemed that the Covid-19 epidemic had affected Vietnam’s Plywood exports, but on the contrary, exports achieved very good growth. The demand of the international market during this period is very large, leading to Vietnamese enterprises having to strive for production to meet export output and serve the needs of international customers.
It is also because of the rapid export growth in a short period of time, despite the epidemic period, that has caused the plywood industry to face many trade defense risks. This has also been warned by a number of authorities and wood associations previously.
On June 9, 2020, the US Department of Commerce (DOC) officially decided to investigate the Vietnamese plywood industry. This decision is based on suspicions that some companies exporting plywood from Vietnam have violated US anti-tax evasion laws. They believe that some companies have imported plywood originating from China into Vietnam, then processed, pre-processed and applied for a certificate of origin from the authorities to export under Vietnamese labels. Male. If businesses use raw materials imported from China, they will be subject to anti-dumping and anti-subsidy taxes as currently applied to plywood imported from China.
Because this is a very large export turnover of Vietnam, Vietnamese businesses also try very hard to cooperate in the investigation process, to self-certify that they do not use Chinese materials, so as not to be pressured to use sanctions.
Furthermore, also at the end of 2019, the Korean Trade Commission (KTC) also decided to investigate Vietnamese plywood products when exported to this market. And most businesses have passed the investigation, and only a few that are under investigation are subject to higher taxes.
Next, in the period 2022-2023, Vietnam’s plywood export market is also heavily affected by the war situation in Russia and Ukraine, the economic crisis causes demand to decline, causing the quantity of goods to decrease. Exports decreased significantly compared to the same quarters of previous years.
Until now, in 2024, the plywood export situation of the Vietnamese market to international markets has returned and is normal thanks to the efforts of the government as well as the cooperation of manufacturers. domestic.
Manufacturers and traders are very optimistic about the current and future business and import-export situation of plywood. However, they also need to prepare themselves with equipment, as well as be ready for new standard requirements from the governments of importing countries, to avoid disruption of export sources.