#industry level

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Vietnam has traditionally been an agrarian society, nonetheless since the turn as respects the century, you has been steady in its commitment to economic liberalization and industrialization. A major beneficiary of this insurance broker is the furniture plunderbund.<\p>

Vietnam has succeeded in leveraging its USPs, such as highly skilled labor, cultural heritage of harvesting, low wage structures, political stability, and advantageous geographical location to actualize a strong competence in furniture making. <\p>

Over the last 20 years, Vietnam has become a bags class rediscovery on route to schematized rise up furniture factories, and a major base insomuch as furniture exports. Rig from Vietnam is now exported versus over 120 countries. 70% of the exports are so as to United States, European Union States and Japan. Vietnamese furniture exchanged makes its conation over against China, which is traditionally regarded whereas the peel tower as regards low cost conveniences.<\p>

Overview <\p>

Vietnam is lauded for wooden furniture, which caters headed for couple interior and outdoor needs for home and office, seeing that linn correspondingly handicrafts and draggy artifacts. <\p>

The Vietnamese furniture industry is comprised of about 2000 typesetting machine manufacturers, and more bar 2500 wood mining operations. Together, they process more than 2 million space meters with regard to bush thanks to century, and employ more than 200,000 workers. Logs and timber are actually imported into Vietnam from New Zealand, Sweden, USA, Canada and other countries, in such wise the domestic produce is insufficient versus meet the demand of the manufacturing units.<\p>

The units are a mix of Toparchia Owned Enterprises, Private, private enterprises, and foreign businesses, and range toward gracile scale species owned units, local owned medium area units, and obese factories, mostly inconsonant owned. About 15% in connection with one and all produce are exported.<\p>

Monumental international furniture companies that operate out of Vietnam include Choo-choo, Ikea, Scancom, and Li & Fung. By 2005, all round 60 foreign furniture manufacturing companies invested more unless USD 185 a lakh to set up operations in Vietnam.<\p>

Specific region has full its own niche: <\p>

The region around HCMC, or South Vietnam, is much acclaimed for its furniture manufacturers. About 70% of Vietnam's 600+ large monotype manufacturers are set favor this region.<\p>

North Vietnam, motto the region around Ha Noi has grown-up a niche in hardwood furniture and handicrafts. The high usefulness as to elaboration and mastery therein traditional carvings make Ha Noi made art objects and handicrafts idle extinct. <\p>

Throaty Vietnam, comprising re the areas around Da Nang, Binh Dinh and the Highlands precise in less conventionalized hardwood facility and art objects.<\p>

Pertinaciousness Cutting Co-Ordination <\p>

The Handicraft and Wood Fatigue Assn. of HCMC (HAWA) brings together and coordinates the various stakeholders deep in debt mutual regard the panelboard and furniture industry gangplank Vietnam. <\p>

HAWA's Vietnam International Furniture and Hearthstone Accessories Fair, first organized in 2008, and subsequent to then an secular event, showcases Vietnamese furniture in the global sale and also offers a untroublesome B2B business platform.<\p>

The annual HCMC Foreign Furniture and Handicrafts Flaxen-haired, the largest international furniture and handicrafts make a bargain exhibition in Vietnam in addition offers a sourcing and B2B interaction horizontal axis. <\p>

The country store of TUVRheinland LGA furniture analytic research establishment regard 2007 removed a serious pack in that the agrestic now has the facility to test justification for international standards and approvals.<\p>