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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A wood workshop. Illustrative image (Photo baocongthuong.vn) 
