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US daily hails Vietnam's exports of wooden products
The US demand for Vietnam-made furniture has seen exponential growth in the past decade and innovative designs, superior craftsmanship and structural integrity have enabled Vietnamese suppliers to carve a niche for themselves in markets worldwide, a local newspaper said.
According to a recent article in the Los Angeles Times, Vietnam's exports of wooden products have increased to an impressive 2.36 billion USD in 2007 from the 200 million USD sales revenue in 2000.
The figures have positioned the country among the top three sourcing centres for furniture in Asia, the paper said.
Vietnam's Ministry of Trade has anticipated continuous growth, with exports of wooden products expected to reach 5.5 billion USD by 2010.
To expand their export markets further, Vietnamese furniture suppliers are focusing R&D on current market trends, accepting mixed orders, investing in automated equipment, and sending their employees for training overseas.
Despite seeing strong overseas demand, however, furniture makers in Vietnam are bracing up for a challenges ahead, the daily added. However, exports in the line are expected to see robust growth in the next 12 months, with a slight change in main export markets.
While the US is currently the biggest importer of Vietnam-made furniture, many suppliers will target the EU in the coming months, according to the US paper.
vna
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