Vietnam's wood trade under pressure from logging, Ukraine war
Murky origins plague furniture sector coming down from COVID-fueled buying spree
A company displays lumber in Vietnam, whose wood products industry is grappling with risks ranging from the Ukraine war to fake forest certificates and U.S. trade probes. (Photo by Lien Hoang)
HO CHI MINH CITY -- Reputational risks are piling up for a Vietnamese lumber industry already beset by a falloff in demand from the heights of the pandemic.
One of the world's biggest wood and furniture exporters, Vietnam enjoyed a surge in orders when overseas buyers spent COVID lockdowns renovating their home offices and kitchens.
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