|
|
|
name
|
천일그룹 |
tel
|
|
date
|
2017-06-27 |
E-mail
|
|
title
|
Vietnam wood products exports expected to rise |
|
Vietnam wood products exports expected to rise in 2017
Vietnam''s wood and wood products exports are forecast to reach $8 billion in 2017, up from $7.3 billion last year.
The global furniture demand will keep on increasing, so the domestic industry can look forward to doing better, Huynh Van Hanh, deputy chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (Hawa) said.
As reported by The Nation, the global furniture consumption is worth more than $460 billion a year. The supply from Vietnam accounts for just 1.65% of this figure, which means there is considerable room for Vietnamese firms to increase their market share.
China is the largest supplier of wooden products in the world and makes up for 37% of the total consumption. Yet, the Chinese government cut the overall timber harvesting quotas by 9% (40 million m3 of timber) and led to opportunities for the Vietnamese businesses to boost their exports.
Nguyen Chien Thang, former Hawa chairman and director of Scansia Pacific, said all Hawa members enjoyed good growth last year, with more and more foreign buyers coming to place orders. They have invested significantly in technologies to improve product quality and management, and this has increasingly gained customers’ trust, he said.
“Previously, large customers, especially those from the US, had mainly bought products from Taiwanese companies investing in Vietnam, but now more and more US customers are contacting Vietnamese producers,” Thang added. “This is a good sign.”
As The Nation reported, many firms in Binh Duong and Dong Nai, anticipating a good year for exports, invested in new facilities last year to expand production scale.
Cao Duy Tam, director of ViDai, which specialises in supplying machinery, equipment and solutions for the wood-processing industry, said sales increased by 50% last year and are expected to be higher this year.
Several businesses have invested in new technologies as to improve their productivity and quality, while also solving the problem of labour shortage and getting ready to receive larger export orders. They have thus invested in automatic, high-speed machines and even computer numeric control machines.
As Hanh explained, the Vietnamese businesses have accumulated valuable experience in production, management and market access during the past year and the industry also needs to access markets at a national scale so that foreign customers know that Vietnam is producing wooden products from legal timber sources. |
|
|
|
|
|
|
|
|