Vietnam wooden furniture sourcing report highlights sector’s compliance with Forest Stewardship Council standards
Online report features bedroom, dining and kitchen, living room, and garden and outdoor furniture, plus a listing of 100 export suppliers
HO CHI MINH CITY, Vietnam, Feb. 1, 2017 – The Hinrich Foundation released the Vietnam Sourcing Report: Wooden Furniture 2017 with the support of its partner in export development, Global Sources (NASDAQ: GSOL).
The online report includes a listing of 100 export suppliers and profiles bedroom, dining and kitchen, living room, and garden and outdoor furniture. It also features an overview of the industry, new product features, price guides and export data. PDFs of each section are available to download for free online.
Among the suppliers in the listing is Nguyen Hoang in Ho Chi Minh City, which produces indoor and outdoor furniture made of acacia wood. The company’s selection includes sideboards with multiple drawers and hutches, as well as garden tables with matching chairs and benches.
Another supplier, An Viet Furniture in Binh Duong province, uses acacia, oak and rubberwood in its collections. Specializing in indoor furniture, the company offers beds, dressers, dining chairs and nesting tables.
Report highlights suppliers’ compliance with Forest Stewardship Council standards
Many companies, particularly those targeting the US and the EU, are using wood that comes from plantations or suppliers with the Forest Stewardship Council (FSC) Forest Management (FM) or Chain of Custody (CoC) certifications.
Vietnam has more than 200,000 hectares of FSC-certified land, according to information posted on the FSC website. Among those with combined Forest Management and Chain of Custody certification (FM/CoC) is the Quang Tri Smallholder Forest Certification Group in central Vietnam, which includes 517 smallholders and covers about 1,393 hectares of acacia plantations.
The report further shows:
– Wooden furniture makers in Vietnam use a range of wood species, including pine, oak, rubberwood, acacia, oak and beech.
– Vietnam’s exports of wood and wooden products rose more than 10 percent in 2015 to nearly $6.89 billion from $6.23 billion in 2014. Exports in the first 11 months of 2016 were valued at approximately $6.22 billion, up 1.2 percent compared with the same period in 2015.
– The U.S., Japan, South Korea, China, Canada, Australia and the E.U. are among the main importers of wood and wooden products from Vietnam.
Vietnam Sourcing Report: Wooden Furniture 2017 is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online here.
Sourcing from Vietnam buyer’s guide
To help buyers new to Vietnam sourcing, the Hinrich Foundation has prepared a guide that provides an overview of the industries and products available.
Buyers will also learn how to find and evaluate reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes.