Hanoi, April 21 -- Amidst the US's decision to delay new import tariffs for 90 days, Vietnamese businesses are taking advantage of this opportunity to implement both short-term and long-term solutions to minimise potential negative impacts. Many industry experts view this challenge as a chance to restructure production process and enhance competitiveness. Maintaining market position amidst tariff threats According to the Vietnam Timber and Forest Product Association (Vietforest), wood exports to the US reached 8.8 billion USD last year, accounting for over 50% of the industry's total export turnover. Despite the temporary tariff delay, many businesses remain cautious about the future. Solutions should be outlined to maintain foothold in t...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.