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VN becomes Asia’s biggest exporter of timber furniture   2008-07-19 - VNS

Workers put the final touches to wooden chairs for export at the Thai Bao Co in the central province of Binh Dinh.

Vietnam has become the biggest furniture exporter in the ASEAN market, according to the Ministry of Industry and Trade.

The ministry was quoting figures from the American Hardwood Export Council.

The export turnover of locally made wood products reached US$2.5 billion in 2007 and may reach $3 billion in 2008, the Ministry said.Vietnamese as well as Chinese products are seen as having high quality and good design.

Export turnover in the first half of the year for Vietnamese wood products reached $1.36 billion, an increase of 20.4 percent over the previous year.

This turnover accounted for nearly 46 per cent of the total export target for 2008.

Export turnover from products sold in the US, the largest importer of Vietnamese furniture, amounted to $450 million.

In the first half of the year, export turnover for the US market increased 16.6 percent compared to the same period in 2007.

The major importers of Vietnamese furniture are Japan, China and Europe.

Viet Nam has a total of 937 companies involved in export of wood products including furniture, a year-on-year increase of 21 per cent. Foreign-invested wood companies led in export value.

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