Vietnam's exports of timber and wood products have decreased due to the impact of high inflation in the export market, according to the Ministry of Industry and Trade.

Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.

While many exporters and producers had orders for 2022, they are worried about a possible shortage of production materials because of supply disruptions from China.

VOV.VN - Wirtschaftswoche (WIWO), a German weekly business news magazine, has published an article stating that the Vietnamese market has become a new option for German companies due to China’s zero-COVID policy causing supply chain disruption.

VOV.VN - Despite existing risks continuing to impact production and exports, the Ministry of Industry and Trade is still making every effort to fulfill this year’s export growth target of 8% set by the National Assembly (NA).

Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.

Cargo throughput across seaports nationwide hit 241 million tonnes in the first four months of 2022, rising 2% year-on-year, according to the Vietnam Maritime Administration.