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We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR. - Transparency and Accuracy:
All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
Our adherence to the ESOMAR Code of Conduct underscores our commitment to ethical research practices. We maintain strict controls over data sharing and usage; copying or distributing our data is prohibited under our company policy. Furthermore, all necessary agreements are in place for any third-party material used, ensuring full compliance with copyright laws and industry best practices. - Limitation of Liability:
While we strive to provide high-quality, timely market insights, the data is derived from a limited sample and should be interpreted within that context. We are not liable for any damages arising from the use of this data, as it is provided solely for informational purposes and as a directional indicator of market trends.
By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.
Vietnam's wood export sector shows signs of recovery yet Red Sea problems persist
Posted on March 22, 2024 |
In the first 2 months of 2024, wood and forest product exports surged by 47% to $2.68 billion compared to last year.
Imports of wood and wood products also increased by 31% to $355 million during the same period, resulting in a trade surplus of $2.465 billion.
Despite the export growth, the timber industry faces numerous challenges, including geopolitical conflicts such as Russia-Ukraine and Israel-Hamas, as well as shipping issues in the Red Sea.
The global economic slowdown and reduced consumer spending on non-essential items like furniture add to the industry's challenges.
Additionally, complying with importing countries' regulations to ensure legality and prevent forest degradation poses further challenges for the timber sector.