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Canada imposes provisional duties on upholstered furniture from Vietnam

Canada slapped provisional duties of up to 101.5% on upholstered seating products manufactured in Vietnam, the Canada Border Services Agency (CBSA) announced.


Will benefits from EVFTA be affected by Covid-19?

Vietnam has puts high hopes on EVFTA, but the COVID-19 pandemic may make the path to realize its benefits a bumpy one.

Wooden furniture manufacturers face liquidity problems amid COVID-19 crisis

Vietnam’s wooden furniture industry was expected to have a prosperous year in 2020 after the US-China trade war broke out in 2019. But hopes have been dashed by Covid-19.

Furniture industry: time to consider producing instead of doing outsourcing

AKA Group and Tan Thanh Furniture raised the offered purchase prices continuously to scramble for the design of a chair. The final price was 10 times higher than the starting price.

Vietnam wooden furniture manufacturers worried, despite more orders

Vietnamese wooden furniture manufacturers face a shortage of workers, modern technology and money to upgrade technology.

High-end wooden furniture segment promises great opportunities

Stable economic growth and the strong rise of the middle class in the country are helping to attract many world-famous brands.

Vietnam warned of risks in importing timber from Africa

Wooden furniture exporters face risks in importing timber from Africa as the unclear timber origin will violate VPA/FLEGT (Forest Law Enforcement Governance and Trade Voluntary Partnership Agreement) that Vietnam has signed with the EU.

Getting wealthier, Vietnamese favor trendy, sophisticated furnishings

VietNamNet Bridge - The Vietnamese furniture market is a promising industry, estimated to have value of over $4 billion, according to the Handicraft and Wood Industry Association of HCM City (Hawa). 

More distribution chains sell secondhand furniture

Analysts say that Vietnam is following developed countries. According to Statista, a market analysis firm, the used furnishing retail industry in developed countries has had two-digit growth rates annually. 

Foreign luxury furniture brands sell well in Vietnam

VietNamNet Bridge - The Vietnamese luxury furniture market is worth $2.5 billion, with 80 percent of products from Europe and 20 percent domestically made.

Wooden furniture manufacturers thrive thanks to CPTPP

VietNamNet Bridge - Though the CPTPP has yet to take effect, the number of orders from CPTPP countries, including Canada, Japan, New Zealand, Australia and Peru, has increased significantly.

Wooden furniture manufacturers conquer luxury segment

VietNamNet Bridge - After reaching $8 billion worth of export turnover, Vietnam’s wooden furniture manufacturing enterprises are now entering the high-end market segment. 

Changes in target markets worry wooden furniture exporters

VietNamNet Bridge - Wooden furniture manufacturers have been warned that they will face more trade barriers as export markets have applied new policies to restrict imports.

Chinese furniture manufacturers relocate to Vietnam

VietNamNet Bridge - Chinese wooden furniture enterprises are considering setting up their production bases in Vietnam, raising worries among domestic manufacturers.

Vietnam wood industry sees bright future as orders increase

VietNamNet Bridge - China’s policy on focusing on their domestic market has prompted foreign importers to place more orders with Vietnamese enterprises.

Wooden furniture manufacturers see great opportunities in 2017

VietNamNet Bridge - China’s wooden furniture exports to the US and EU are declining, while Japan and South Korea are importing more from Vietnam.

Lack of timber threatens wood industry

Hon Do beach in the central province of Ninh Thuan is a dormant treasure waiting to be discovered and developed. Tourists should come, but only if they promise to protect the pristine beauty of the site.

Wooden furniture manufacturers beg for support

VietNamNet Bridge - The HCM City Fine Arts and Woodworking Association predicted that Vietnam may reach $7.6 billion from timber and wooden exports in 2016, an increase of 10 percent compared to 2015. 

Experts see high risk in Chinese investment in wooden furniture

VietNamNet Bridge - The massive Chinese investment in Vietnam’s wooden furniture manufacturing may put Vietnam at a high risk of anti-dumping lawsuits.

Domestic sector loses forestry market to foreigners

The domestic sector has lost the local and export forestry markets to the foreign sector, Huynh Van Hanh, general director of the Handicraft and Wood Industry Association of Ho Chi Minh City has said.