Suez Canal fiasco adding to prolonged trade difficulties


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The exports of Tien Dat Wood Technology JSC to Europe are suffering additional effects from the congestion in the Suez Canal, while the pressure of a supply chain disruption by COVID-19 still exists. A third of the company’s current output is exported to the European market. This figure will rise to a higher level by the end of this year, an expected 60 containers per month when Tien Dat completes the equipment upgrade at its third plant.Tran Quoc Cuong, deputy director of Tien Dat, told VIR, “The company is currently waiting for the machinery to be imported.”If the ships pass...