Wooden furniture exporters now have products, but cannot sell them, they have orders, but dare not sign contracts. Vietnamese products have become less competitive on the international market because of the high interest rates. The high inventory level has made wooden furniture manufacturers groan. They cannot sell their products because the products are not competitive [...]
Vietnam’s indoor and outdoor furniture industry should remain strong until the year-end on the back of demand from traditional markets, which bounced back after being affected by the global recession, said a report. Exports of indoor and outdoor furniture this year expanded roughly 20 per cent, compared to previous years when exports dropped due to [...]
Vietnam has exported over US$3.2 billion worth of furniture this year, becoming ASEAN’s leading furniture exporter, according to the ASEAN Furniture Industries Council (AFIC). The chairman of AFIC, Vongkot Tangsubkul, said on the sidelines of the 20th anniversary of the Handicraft and Wood Industry Association of HCMC (HAWA) on Tuesday that Vietnam had “the most [...]
Furniture makers found the way to foreign markets this year too rough with many obstacles including high interest rates and increasing material prices, so they switch to the local market, which has a growing demand. “Most of furniture exporters borrow money from banks as furniture business requires large sources of capital,†said general director Huynh [...]
Vietnamese and European senior officials will meet next week in Hanoi for the first round of talks on voluntary partnership agreements that focus on production and trade of processed wood products. The agreements are the means of putting the EU Forest Law Enforcement, Governance and Trade (FLEGT) licensing scheme into effect. At the heart of [...]
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