Business

HCM City hosts furniture-handicrafts expo

Over 300 woodwork and handicraft businesses from both in and outside of the country are displaying their products at the International Furniture and Handicrafts Fair (EXPO 2010) which opened in Ho Chi Minh City on October 6.
Over 300 woodwork and handicraft businesses from both in and outside ofthe country are displaying their products at the International Furnitureand Handicrafts Fair (EXPO 2010) which opened in Ho Chi Minh Cityon October 6.

The event, jointly held by HCMCity’s Department of Industry and Trade and the Trade PromotionDepartment under the Ministry of Industry and Trade, is to boost exportsof domestic wooden and handicraft products.

With700 stands, the five-day fair will bring domestic woodwork andhandicraft businesses together, especially small and medium-sizedenterprises, who have little opportunity to take part in overseasexhibitions, with their international partners.

Aspart of the event, an online expo will be set up to help businessespromote their trademarks by posting their information and products,saving transaction times and costs.

So far, over800 companies have registered 7,000 products on the online expo, anincrease of 21 percent in the number of businesses and 40 percent inproducts compared with 2009.

In addition, there will be seminars for Vietnamese businesses and importers held by Turkey and Japan .

Over the past year, the International Furniture and Handicrafts Fairhas attracted a large number of participants, helping to raise theindustry’s export turnover from 590 million USD in 2001 to 2 billion USDin 2005 and 3 billion USD in 2009. This year’s figure is expected toreach almost 4.5 billion USD./.
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