the voice of our community promoting
trade education, employment & research

HO CHI MINH CITY, Feb. 23, 2015 – The Hinrich Foundation released the Vietnam Sourcing Report – Wooden Furniture with the support of its partner in export development, Global Sources (NASDAQ: GSOL)

2vn-wooden-furniture-article-image
Online report lists 177 export suppliers and includes details on new products – furniture for the living room, bedroom, kitchen and dining room, garden and outdoors – plus pricing and supply market trends.

The online report includes names and details of 177 export suppliers and images of living room, bedroom, kitchen and dining, garden and outdoor furniture. The report also features industry information, new product features, price guides and export data. PDFs of each section are available to download for free online.

Vietnam furniture exports showing continued growth

The findings of the report show:

  • The Vietnam wooden furniture sector has approximately 340 wood craft villages with skilled workers.
  • From 2011 to 2014, the industry’s annual export value increased 15 percent on average, reaching $6.23 billion in 2014.
  • Vietnam wooden products are exported to more than 120 countries, with suppliers offering diverse and highly customizable models.
  • Statistics from the International Trade Center show that furniture from Vietnam accounts for 6 percent of the world market.

Vietnam makers are investing in =more efficient production equipment and worker training to offer more competitively priced customized products. Suppliers aim to benefit from buyers looking for sourcing alternatives to China.

One export supplier, said Trang Tran of Quang Dung Private Enterprise said: “A majority of exported furniture from Vietnam, especially to the European Union markets, have simple and vintage designs.”

Sourcing Reports for the Philippines, Vietnam, India and Indonesia The Vietnam Sourcing Report: Wooden Furniture is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online at http://tinyurl.com/Vietnam-Wooden-Furniture.

Other related Sourcing Reports available online are:

Sourcing from Vietnam buyer’s guide
To help buyers new to Vietnam sourcing, the Foundation has prepared a guide that provides an overview of the industries and products available and main manufacturing centers.

About the Hinrich Foundation

The Hinrich Foundation believes sustainable global trade promotes peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas:

  • Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. The Hinrich Foundation offers scholarships to students from Myanmar, Cambodia, Vietnam, Lao and China to study in Hong Kong, Thailand, The Philippines and the U.S. We give our scholars internships and on-the-job training in export related companies and organizations in 10 countries.
  • Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance, the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
  • International trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.

-End-

Download flyer