COLTON, Calif - Congressional representatives believe a significant portion of production at the soon-to-close Colton, CA facility is being outsourced to Vietnam- contributing to Ashley's decision to close the plant, and laying off 840 workers. That has allowed the employees to get federal help. Soon after the layoffs were announced…
Read moreLocal firms are worried that the tax spotlight could be turned on them. Official statistics show a third of foreign-invested companies in Vietnam’s furniture industry are from China. Since 2015, the U.S. has imposed import tariffs on Chinese furniture including beds, nightstands and other wooden wares in an attempt to…
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The US government might impose an anti-dumping duty on Vietnamese wood products as export value of these items from Vietnam to the country is rising quickly, warns the Ministry of Trade. The US government has prepared all data and documents and the matter is simply when it would happen, a…
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A seller and a buyer are seen meeting at VIFA EXPO 2016 – PHOTO: BAN CAO HAWA said up to 93% of local wood processing enterprises are small and ultra-small. Medium enterprises account for 5.5% of the total and big firms make up the remainder. Speaking to the Daily at…
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VietNamNet Bridge – In 2015, Vietnam exported $6.9 billion worth of wooden furniture products, an increase of 10.7 percent over 2014, turning Vietnam into the fourth biggest wooden furniture exporter in the world afterChina, Germany and Italia. According to the Ministry of Industry and Trade, in the first five months…
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A number of foreign furniture firms have shifted their businesses from Indonesia to Viet Nam since early this year. Viet Nam currently ranks fourth in the world, second in Asia and first in Southeast Asia in the export of wood furniture and furnishings. - Photo VEF General Secretary of the…
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