The prosperity of the wood processing industry in the last year has been robust. Vietnam hopes it can obtain turnover of $8 billion from wooden furniture exports in 2018, reports from Vietnam.net.
Vietnam, the second largest wooden furniture exporter in Asia and the biggest manufacturer in South East Asia, is most likely to receive the orders.
Vietnam exported $5.5 billion worth of wooden furniture in the first nine months of 2017, an increase of 10.6 percent compared with the same period last year, so the target of $7 billion export turnover this year is within reach.
Besides orders from the major markets of the US and Europe, Vietnamese enterprises have also received orders from the Middle East and Australia, which were loyal clients of Chinese manufacturers.
South Korean, Danish and Swedish enterprises have chosen Vietnam to set up their factories, which will have positive impact on Vietnam’s brand.