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Online report features bedroom, kitchen, dining, living room and outdoor furniture, plus a listing of 100 export suppliers across Vietnam.

HO CHI MINH CITY, VietnamThe Hinrich Foundation released the Vietnam Sourcing: Wooden furniture 2018 with the support of its partner in export development, Global Sources.

The online report includes a listing of 100 export suppliers and profiles of bedroom, kitchen, dining room, living room and outdoor furniture. It also features an overview of the industry, new product features, price guides and export data. A PDF of the report is available to download for free online.

Releases combine simplicity, comfort

Wooden furniture suppliers in Vietnam are offering more modern pieces, which are characterized by simple structures and minimal accents. Designs with oiled finishes that highlight the natural color of the wood are popular.

“Makers are releasing simple, functional pieces to meet the preference of most international buyers,” said Ly Nguyen, export consultant of the Hinrich Foundation. “This allows suppliers to focus on enhancing the durability of their products. Having simpler structures and finishes also reduces production lead time.”

Among the latest indoor furniture releases are sectional sofa sets, which can be configured in various ways and provide different seating options. A number of these are mixed-media pieces combining wood and metal in the frame.

For gardens, patios and other outdoor areas, foldable structures are on trend.

Makers use various types of wood. Acacia, oak, rubberwood and pine are some of the options for indoor pieces. Outdoor furniture often come in teak, eucalyptus or acacia.

Suppliers and products

Phu Khe Fine Art Furniture Co. Ltd in Bac Ninh Province has been producing wooden furniture since 2008. Its designs are characterized by carved patterns. The company exports mainly to China.

Quang Dung Private Enterprise exports garden furniture made of FSC-certified timber such as acacia or eucalyptus to Europe since 2006. Its main markets include Germany, Finland and Austria.

Ho Chi Minh-based Truong Thanh Furniture Corp. is one of Vietnam’s leading manufacturers and exporters of furniture. Founded in 1993, it offers a range of indoor and outdoor furniture. Among its key markets are Europe, the US, Australia and Japan.

The report further shows:

– In coming months, prices of furniture from Vietnam are expected to remain relatively stable as suppliers intend to keep quotes at current levels to retain and attract buyers despite the expected rise in timber costs.

– Vietnam is one of the world’s largest exporters of wood and wooden products. The country sent abroad nearly $7.7 billion worth of products in 2017.

– Anticipating strong export growth, suppliers are investing in new factories or upgrading production lines to expand capacity.

 

Vietnam Sourcing: Wooden Furniture 2018 is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed here.

 

Other related Sourcing Reports available available on the New Sourcing Markets website: Wicker Furniture, Vietnam; and Furniture, Philippines; The site also offers sourcing reports on other products and suppliers from India, Indonesia, the Philippines, Vietnam, Cambodia and Laos.

Download the report