Despite the COVID-19 pandemic’s impact, the wood industry still enjoyed US$3.2 billion in exports in the first four months of 2019, up 6% year on year, thanks to businesses’ efforts to switch to online trading and find new markets.
Vietnam’s wood exports to the European Union (EU) is likely to reach 1 billion USD after the recently ratified EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to market watchers.
The wood industry needs to focus on developing design, branding and distribution to achieve the goal of US$20 billion in export value by 2025, according to experts.
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.
Vietnam raked in more than 1 billion USD from wood and wood product exports in October, up 22.7 percent year-on-year, according to the General Department of Vietnam Customs.
Nguyen Phuong, sales director of Minh Thanh Co., Ltd, said his company plans to invest more than VND50 billion (US$2.15 million) in a production chain for bedroom and living room furniture.
The 13th International Woodworking Industry Fair (VietnamWood 2019) and the International Exhibition on Woodworking Machinery and Equipment (Furnitec 2019) opened in Ho Chi Minh City on September 18.
The 13th International Woodworking Industry Fair (VietnamWood 2019) is scheduled to take place at the Saigon Exhibition and Convention Centre in Ho Chi Minh City from September 18-21.
Vietnamese wood processing firms need to rethink their production models and embrace technologies to increase their competitiveness amid current and future challenges, delegates said at a seminar held in Ho Chi Minh City on September 10.
The country’s fine art and handicraft exports experienced a significant increase of 50 per cent to reach US$45 million in May, according to statistics from the General Department of Customs.
Orders for furniture exports have risen strongly so far this year as demand has risen, according to Huynh Quang Thanh, Chairman and CEO of Binh Duong-based Hiep Long Fine Furniture Company.
Furniture manufacturers are striving to meet the changing tastes of young people, who have begun to value eco-friendliness and aesthetics.
Ninety five Vietnamese and foreign companies are showcasing their products at the ninth Vietnam Furniture and Furnishing Fair (VIFA Home) that opened in HCM City on November 16.
VOV.VN - The timber and forestry products processing industry set a target of earning US$9 billion from wood exports this year and increasing the value to US$25 billion by 2025.
Despite the constantly strong growth posted by the wood industry over the past few years, wood enterprises are aiming for a higher target: sustainable development, environmental protection and greater export turnover through higher added value.
VOV.VN - Exports of wood and timber products continue its upward trend, showing through their export value hitting US$3.3 billion in the first five months of this year, a year-on-year rise of 8.2%.
Vietnamese woodwork is making a mark worldwide, from furniture in five star resorts to first class flights.
Vietnam’s wood industry faces a quandary as bright export growth prospects are clouded by difficulties in finding the necessary raw materials.
Reduced tariffs and competitive prices will facilitate the growth of the Vietnamese timber industry after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into force.
The Vietnam International Furniture and Home Accessories Fair (VIFA-EXPO) returned to Ho Chi Minh City on its 11th edition, bringing together 350 domestic and foreign exhibitors.