The Vietnamese booth at the World Furniture Expo (Photo: VNA)
New Delhi (VNA) - Vietnamese furniture makers are introducingtheir products at the World Furniture Expo (WOFX) which opened in Mumbai, Indiaon November 28.
The three-day expo drew the participation of morethan 400 furniture brands from many countries across the globe such as Bangladesh,China, France, Indonesia, Italy, the Philippines and Turkey.
As an India’s premier international B2B trade show dedicated to the furnitureand design industry, the event will feature several workshops and introductionof latest interior décor trends.
Speaking at the opening ceremony, Rajesh Bhagat, chairman and director of theWorldex India Exhibition & Promotion Pvt. Ltd. – the organiser of the expo,said the WOFX serves as a platform for wood enterprises to captalise on theincreasing demand in the Indian market, especially in realty sector, hotel andretail sales.
Besides, the expo also helps consumers get access to the global design trends,he added.
India, with a population of more than 1.4 billion people, is one of thepotential markets for Vietnamese furniture. During January – October, Vietnamshipped 93 million USD worth of wood furniture and wood-based products to the country, upnearly 300% year-on-year.
With a market size of some 41 billion USD, India is the fourth largestfurniture consumer in the world./.
Enterprises in the woodworking industry have begun to receive orders again to serve the furniture shopping season in the year-end months on the world market, heard a recent forum.
Lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture make Vietnam a promising hub of furniture manufacturing, according to India-based market research company Mordor Intelligence.
Further opportunities will be unlocked for Vietnamese home and kitchen decor and its furniture industry by tapping into the strong foundation of traditional long-standing craft villages, natural material resources and manufacturing capacity.
Vietnam’s wood export is likely to hit about 14.5 billion USD this year, lower than the yearly target of 17 billion USD, Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Nguyen Chanh Phuong told a local press conference on September 13.
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The Vietnamese booth at the World Furniture Expo (Photo: VNA) 
