Overview of wooden furniture industry in Vietnam

Overview of wooden furniture industry in Vietnam

You will obtain value information from overview of wooden furniture industry in Vietnam

wooden furniture industry

In “Vietnam International Furniture & Home Accessories Fair 2017” (Vifa Expo 2017), you can find:

  1. Verified exporters – Over 100 featured suppliers offering hundreds of products
  2. Products – Full color images with specifications & prices
  3. Supply market intelligence – Supply centers, industry trends, challenges, production and pricing
  4. Export data – Vietnam-wide details and survey results from featured exporters

Industry overview

  1. Vietnam’s wood working industry has attracted foreign direct investments.
  2. The expected implementation of Trans-Pacific Partnership, which involves Vietnam, is an added interest for investors.
  3. The country’s stable economy has contributed to the growth of furniture sector, along with curbed inflation and huge labor and consumer markets.

Export data

  1. Overseas revenue of Vietnam wood and wooden products had increased from $5.56 billion in 2013 to $6.23 billion in 2014.
  2. Vietnam wooden products are exported to more than 120 countries in the world with more than 3,000 models.
  3. Vietnam shares 10 percent in wooden products in the European Union markets.

Products features

  1. Models on trend have simplicity and vintage look, especially those exported to EU markets.
  2. Wooden furniture suppliers import up to 80 percent of total materials.
  3. Vietnam suppliers offer full customization from design to manufacturing.

Vietnam wooden furniture industry quick facts

Percent industry composes of GDP $ 184 billion (2014)
Percent industry composes of GDP 6
Top 3 industries Agricultural and fisheries products; telephones and accessories; garments and textiles (2014)
$ amount of total exports $150 billion (2014)
$ amount total imports $148 billion (2014)
Approximate # of suppliers composing industry 4,000
Currency exchange rate to USD $1= VND22,530
Industrial production growth rate 6.2% (2015)
Unemployment rate 2.20% (2015)
Percentage of skiled/educated laborers in workforce 16.46 (2012)
Inflation rate 6.8% (2015)

Overview of wooden furniture industry database belong to General statistics office of Vietnam and international trade center.

VIFA EXPO 2017 will take place from 08-11 March, 2017

wooden furniture industry

If you have questions, feel free to contact us in order to register as visitor or apply furniture store . Our friendly staff will be happy to assist you.

Edited by Abby, source developingcountrysourcing

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