04:32 | 05/05/2020
Vinafor published consolidated financial statements for the first quarter of 2020 with net revenue of VND 462 billion, decreasing 2% y-o-y. In particular, sales of finished wood products fell by 26% to VND 166 billion. According to the Company, the decrease in profits comes from the business results of joint ventures and associates in the quarter decreased compared to the same period due to unfavorable consumption of goods and products. Profit after tax of the parent company shareholders decreased by 28% to VND 128 billion.
04:32 | 05/05/2020
On 3rd February, 350 million VIF shares of the company will be officially listed on Hanoi Stock Exchange (HNX) with reference price of VND 21,700 / share. At this price, Vinafor's market capitalization is nearly VND 7,600 billion, which owned by Committee for Management of State Capital at Enterprises (51%) and T&T Group JSC (40%)
04:32 | 05/05/2020
Wooden furniture exporters face risks in importing timber from Africa as the unclear timber origin will violate VPA/FLEGT (Forest Law Enforcement Governance and Trade Voluntary Partnership Agreement) that Vietnam has signed with the EU.
04:32 | 05/05/2020
The Vietnam Administration of Forestry (VNForest) launched an action plan on April 3 for communications to implement the Voluntary Partnership Agreement on Forest Law Enforcement, Governance, and Trade (VPA/FLEGT) between Vietnam and the European Union (EU).
04:32 | 05/05/2020
Hanoi (VNA) – The export value of forestry products edged up 18 percent year on year to 2.4 billion USD in the first three months of 2019, the Vietnam Administration of Forestry announced on April 1.
04:32 | 05/05/2020
Vietnam earned 4.15 billion USD from exports of wood and wooden products in the first six months of this year, marking an increase of 8.4 percent compared with the same period last year.
04:32 | 05/05/2020
Vietnam currently ranks eighth among furniture producers in the world, accounting for 2% of global production, according to a survey conducted by Italian Centre for Industrial Studies (CSIL).
04:32 | 05/05/2020
Up to 90 percent of timber in the Central Highlands has been sold to Chinese, according to locals. Chinese businesses have been flocking to Vietnam to buy wood as their government has closed natural forests in 14 provinces in the country.
04:32 | 05/05/2020
The export of wood and wood products is expected to fetch US$8 billion this year, up from $7.3 billion last year.
04:32 | 05/05/2020
A new report by the German International Climate Initiative has commended the governmental policies on protecting and restoring forests in Vietnam and the country’s efforts to implement a sustainable forestry model.
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