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.
Contrary to full orders at the beginning of the year, Vietnamese wood and wooden furniture enterprises are currently facing many difficulties due to the cancellation of orders by customers because of inflation in countries such as the US and the EU and the sharp increase in input material costs.
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 Ho Chi Minh City Handicraft and Woodworking Association (HAWA) plans to organise a session to give consultations to domestic businesses on exporting furniture and interior decorating products to Canada, a promising market for Vietnam, on June 7.
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.
Vietnamese Ambassador to Egypt Tran Thanh Cong led a delegation to visit Damietta province on November 22-23 with the aim to promote cooperation in terms of economy, trade, investment and culture between Vietnam and Egypt in general and localities of the two countries in particular.
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.
The 2019 Vietnam Furniture and Home Furnishing Fair (VIFA Home 2019) will be held in HCM City from November 28 to December 1 to promote locally made wooden furniture, home decor and handicrafts.
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.
Vietnam’s Eastwood Energy JSC and Sweden’s CellMark Group signed a long-term contract in Ho Chi Minh City on August 8 to supply wood pellets to the Japanese market.
2019 is expected to be a good year for Vietnamese wood and wooden furniture exporters thanks to the expansion of markets, according to the Ministry of Agriculture and Rural Development (MARD).
The Vietnam Timber and Forest Production Association (VIFORES) has called on the forestry industry to keep a close eye on US-China trade war developments in order to be able to respond quickly.
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 world’s wooden interior décor market is predicted to grow at 3.5 percent in 2018 and continue expanding, providing opportunities to Vietnamese businesses to increase exports of the products.
Vietnam’s exports account just 6 percent of the global timber and wooden furniture market which is estimated at 120 billion USD, said a local official.
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