The exhibits feature diverse designs, from modern, minimalist furniture to handcrafted products reflecting Vietnamese identity. Businesses combine natural and engineered wood, rattan, bamboo and other materials while focusing on design, finishing and customisation to meet different market demands.
Deputy Prime Minister Nguyen Chi Dung applauded Wanek Furniture's plan to expand its investment in Vietnam in the next five year, while encouraged the company to discuss any challenges with the Vietnamese Government during the expansion process.
Vietnam’s exports of wood and wooden furniture will reach only about 13.5 billion USD in 2023, down 15.5% year on year, President of the Vietnam Timber and Forest Product Association (VIFOREST) Do Xuan Lap told a seminar held in Hanoi on December 21.
The southern province of Dong Nai posted a trade surplus of 4.8 billion USD with its export earnings and import turnover reaching more than 17.8 billion USD and over 13 billion USD in the first 10 months of 2023, respectively.
Six groups of products posted an export revenue of over 1 billion USD to the US market in the first quarter of this year, with the group of machinery, equipment, tools and spare parts topping with 3.98 billion USD, according to the General Department of Vietnam Customs.
Vietnamese exporters of wood and wooden furniture expect to bring home 16.5 billion USD this year, fueled by an increase in the overseas shipment of woodchips and wood pellets in the first 10 months of this year.
Import-export revenue of agro-forestry-aquatic products was estimated to reach 66.2 billion USD in the first eight months of 2022, up 8.7% year on year, of which export turnover hit about 36.3 billion USD, a year-on-year rise of 13.1%, reported the Ministry of Agriculture and Rural Development (MARD).
The Canadian province of British Columbia opened a Forestry Innovation Investment (FII) office in Vietnam’s southern province of Binh Duong on April 20.
Many enterprises in the wood industry have received enough orders to keep their workers busy throughout the third quarter and even to the end of this year thanks to their quick resumption of production.
The export of Vietnam’s wood industry to France and Europe at large have ample room for growth, according to the Agency of Foreign Trade at the Ministry of Industry and Trade.
Canada offers substantial potential to Vietnamese wood and wooden furniture exporters, experts told a Vietnam-Canada trade exchange held online on September 30.
Despite the COVID-19 pandemic’s impact, the wood industry still enjoyed 3.2 billion USD in exports in the first four months of 2019, up 6 percent year on year, thanks to businesses’ efforts to switch to online trading and find new markets.
A wide range of outdoor and indoor furniture, handicrafts and household appliances are on display at the 2019 Vietnam Furniture and Home Furnishing Fair that opened in Ho Chi Minh City on November 28.
Furniture companies and industries in Southeast Asia should pool their strengths and enhance cooperation to achieve prosperity and sustainability, a forum heard in Ho Chi Minh City on November 27.
Wood and wooden furniture have become one of Vietnam’s key export staples in recent years. However, the domestic market is developing strongly and it should be fully tapped.
An upturn has been seen in exports of wood and wooden products, with export value in the first five months of 2018 reaching 3.3 billion USD, up 8.2 percent from the same period last year.
The Vietnam Furniture and Home Furnishing Fair (VIFA Home 2017) will return to HCM City this month, promoting locally-made wooden furniture, home decor and handicraft products in the domestic market.
The southern province of Dong Nai enjoyed a trade surplus of nearly 1.4 billion USD in the first eight months of the year, according to the provincial Statistics Office.
Indonesian Coordinating Minister for Economy Darmin Nasution and visiting Italian Minister of Economic Development Carlo Calenda have agreed to enhance bilateral economic cooperation during their recent meeting in Jakarta, Indonesia.
