Why you should import plywood from Viet Nam?
Plywood is a popular product, applied in various industries such as packaging, construction, furniture, and even shipbuilding industries. It is cost-efficient, reliable, durable also aesthetics so that plywood has very high demand, especially in developing countries and industrial countries. If you are a distributor of plywood and looking for a supplier, you should find one in Viet Nam. Why is this?
- Cheap labour cost
Vietnam is a country with large population size, the most abundant human resource ever. By the end of 2018, our country’s population reached 96.02 million. Population growth in recent years has led to an increase in the labour force. Overall, each year, Vietnam has nearly 1 million people entering the working age. The average salary of Vietnamese workers is much lower than in other developed countries, even when compared with Chinese workers. It is a competitive advantage of Vietnamese industries in many years.
- Abundant raw materials
The cost of wood materials accounts for 40% of the price of a plywood sheet. In Viet Nam, we have a large area of forest which permitted to harvest. So, it makes the cost of wood material cheaper than in other countries.
Benefit from tax
Our export tax rate is 0% for plywood. Moreover, the importer will have benefit from the import tax rate. Viet Nam’s government has many trade agreements with many countries and regions. For now, the import tax rate for plywood (HS code 44109000) is 5% (Preferential import tax). However, if the importer from ASEAN regions, Japan, Korean, Indian, or European Union and get the appropriate C/O form, the tax rate reduces to 0%. It saves vast money for the buyer.