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Virginia Wood Producers Peddle Products In Ho Chi Minh City

The China trade tariffs have dramatically cut in to Virginia’s lucrative lumber export business this year, but five Virginia companies have just completed a week’s exhibition of their products in a promising southeast Asia market they hope will help take up the slack.
(Photo) Saigon Exhibition and Convention Center (Source) Stephanie Agee, Virginia Department of Agriculture and Consumer Services

The China trade tariffs have dramatically cut into Virginia’s lucrative lumber export business this year, but five Virginia companies have just completed a week’s exhibition of their products in a promising southeast Asia market they hope will help take up the slack.  Charles Fishburne reports.

Transcript:

Charles Fishburne:  The exhibition was in  Ho Chi Minh City, Vietnam.

Stephanie Agee :  Vietnam has actually purchased more than 33 million of these products this year.

Fishburne:  Stephanie Agee is Marketing Director for the Virginia Department of Agriculture and Consumer Services.

Agee:  Vietnam has set some really ambitious goals to become a hub of furniture manufacturing.

Fishburne:  China has been the largest importer of Virginia forestry products by far, but sales are off 55% because of the tariffs.

Agee:  And that’s one of the reasons were are here in Vietnam, looking for new buyers and making sure these companies have access to a diverse set of export markets.

Fishburne:  Vietnam is now the second largest export destination for Virginia log and lumber products. 

Charles Fishburne, VPM News.

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