Vietnam's wood industry expects to export about $ 8 billion in 2017, striving to raise $ 20 billion by 2025.
To achieve this turnover, the domestic timber industry (enterprises) must do, while labor costs are increasingly expensive, competition more and more fierce. These are issues raised at the conference "Digital technology and automation in wood processing" organized by Ho Chi Minh City Handicraft and Wood Industry Association (HAWA) on October 19 in Ho Chi Minh City.
Domestic enterprises invest more and more in the production of furniture
According to HAWA, furniture and furniture export of Vietnam is growing strongly, from 2009 up to now average 15% per year. Vietnam currently ranks fifth in the world, second in Asia and the leader in Southeast Asia for furniture and furniture exports. Major export markets include the United States (39%), China (15%), Japan (14%) and the EU (14%). In 2016, exports are expected to reach $ 8 billion this year and over $ 10 billion by 2020. This growth means the growing demand for raw materials in line with regulatory requirements. international forest management. In 2016, Vietnam imported $ 1.7 billion of wood material to supplement its production needs.
Huynh Van Hanh, Vice President of HAWA, sees the wood furniture industry of Vietnam growing steadily but also faces challenges and competition in the world market. Therefore, businesses are investing more in design as well as technology equipped to increase competitive advantage. Previously, foreign-invested enterprises accounted for more than 60% of wood exports last year reduced to 47.6%.
Picture: N.Hai