A wood workshop. Illustrative image (Photo baocongthuong.vn) HCM City (VNA) – Interior and exterior decor, furniture and handicraft products are being showcased at the 2016 Vietnam furniture & home furnishing fair (VIFA HOME) that opened in HCM City on November 24,
The fair, organised by the Handicraft & Wood Industry Association (HAWA) of Ho Chi Minh City, brings about 109 exhibitors with 477 pavilions.
The event is expected to help furniture enterprises to explore and expand the domestic market amidst international and regional integration.
HAWA Vice President Huynh Van Hanh said, a number of enterprises have started their projects targeting the domestic market by producing sample products, product lines and expanding distribution channels.
He expressed his hope that the event will see a stronger purchasing power than previous years and help create a domestic networking venue for producers and consumers. Currently, the sector’s annual purchasing power is at 2 billion USD.
According to the Ministry of Industry and Trade, in the first ten months of this year, the exports of wood and wood products reached 5.76 billion USD, a year-on-year increase of 0.8 percent. Of the total export value, the foreign-invested enterprises make up of 46 percent.
In October alone, the export value recorded an increase of 32 percent from the previous month. The figure is expected to meet the yearly target of 7.2 billion USD this year./.
VNA
