Businesses specialising in producing wooden furniture have received several orders to export their products, according to Vietnam Timber and Forest Product Association (Vifores).

Mr. Nguyen Ton Quyen, Vifores’s Vice-President said that, the total value of export orders of Vifores’s members has to date exceeded US $3.4 billion, last year’s wooden furniture export turnover.

Delivery of these orders falls at the second and third quarters of this year.

It is estimated that this year’s export of wooden products would reach from US $4 to $4.2billion. However, currently, businesses are facing the big problem that they are lacking in capital to buy materials while high interest is imposed on capital loans.

Source: TT

Translated by Mai Huong