Businesses showcase wood products in HCM City

Timber products such as tables, desks, beds, and cupboards, along with interior decorations including lamps, curtains, pillows, and handicraft ceramics are on display across more than 300 stalls.

The event has attracted over 80 businesses representing well known brands such as Scansia, Nha Xinh, Thanh Dung, Ha Nam, Eurowindow, Mifaco, Debao, and Tavico.

According to the Ministry of Industry and Trade, wood products have become one of Vietnam’s key exports in recent years. Last year, wood exports increased by 13.8 percent on the 2010 figure.

During the past ten months, wood exports reached US$2.23 billion, up 18.3 percent against the same period last year.

The trade fair is part of activities to support local businesses in overcoming difficulties and to respond to the “Vietnamese people use Vietnamese goods” campaign.

Le Van Khoa, deputy director of HCM City’s Department of Industry and Trade, said that Vietnam’s wood products are distributed to 120 nations and territories around the world. It is also the region’s leading timber products provider, with export turnover reaching close to US$4 billion per year.

However, the local industry still has room for growth given that only 20 percent of revenue from wood products goes to Vietnamese businesses, while 80 percent goes to foreign enterprises.