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Wood product exports recover
Viet Nam's furniture exports this year are expected to increase as the industry has been showing signs of recovery, according to the Ministry of Industry and Trade.
Statistics from the ministry showed that in the last two months, wooden exports rose strongly, fetching US$617 million, which was up 60 per cent against the same period last year.
Chairman of the HCM City's Handicraft and Wood Industry Association (HAWA) Nguyen Chien Thang said most local producers received furniture orders.
However, the businesses had faced difficulties with input costs, while export prices had stayed the same.
According to HAWA's Deputy Chairman Huynh Van Hanh, the firms are bearing an increasing cost as the price of materials has increased due to higher oil prices.
Packaging costs also rose by 20 to 30 per cent. Producers are also paying 15 to 20 per cent more for transport costs.
The recent adjustment of electrical and oil prices has also affected the industry.
Hanh claimed that there was a labour shortage and said that after Tet (Lunar New Year holiday), the situation was more serious in the south and the central region of the country.
He also said the wooden processing and export companies would probably not increase their prices, unless it was for new products.
In an attempt to enhance furniture exports, the industry will have promotional activities at the Viet Nam International Furniture & Home Accessories Fair 2010 (VIFA 2010), which will take place from Thursday through the weekend.
The fair will showcase wooden items, handicrafts and assorted materials and services that are related to the furniture export sector.
Experts claim that Viet Nam's wooden export industry has been recovering faster than that in other countries including Thailand, Malaysia and Indonesia because the country has a variety of wooden products that can meet several different types of consumer demand.
vietnamnews
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