Interior and exterior decor, furniture and handicraft products are being showcased at the 2016 Vietnam furniture & home furnishing fair (VIFA HOME) that opened in HCM City on November 24,
A wood workshop. Illustrative image (Photo baocongthuong.vn)
HCM City (VNA) – Interior andexterior decor, furniture and handicraft products are being showcased at the2016 Vietnam furniture & home furnishing fair (VIFA HOME) that opened inHCM City on November 24,
The fair, organised by the Handicraft & WoodIndustry Association (HAWA) of Ho Chi Minh City, brings about 109 exhibitorswith 477 pavilions.
The event is expected to help furnitureenterprises to explore and expand the domestic market amidst international andregional integration.
HAWA Vice President Huynh Van Hanh said, a numberof enterprises have started their projects targeting the domestic market byproducing sample products, product lines and expanding distribution channels.
He expressed his hope that the event will see astronger purchasing power than previous years and help create a domesticnetworking venue for producers and consumers. Currently, the sector’s annualpurchasing power is at 2 billion USD.
According to the Ministry of Industry and Trade,in the first ten months of this year, the exports of wood and wood productsreached 5.76 billion USD, a year-on-year increase of 0.8 percent. Of the totalexport value, the foreign-invested enterprises make up of 46 percent.
In October alone, the export value recorded anincrease of 32 percent from the previous month. The figure is expected to meetthe yearly target of 7.2 billion USD this year./.
Vietnam shipped abroad nearly 4.4 billion USD worth of timber and wood products in the first eight months of 2016, a decline from a year earlier, said the Vietnam Timber and Forest Product Association
Furniture exporters should become more aware of import market regulations and standards in various countries, delegates said at a seminar held in HCM City on September 28.
Consumption of wood products in the domestic market is expected to increase by more than 10 percent this year from last year’s figure of 1.3 billion USD.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A wood workshop. Illustrative image (Photo baocongthuong.vn) 
