Wooden furniture industry a global contender, but still faces problemsVietNamNet Bridge - In 2015, Vietnam exported $6.9 billion worth of wooden furniture products, an increase of 10.7 percent over 2014, turning Vietnam into the fourth biggest wooden furniture exporter in the world after China, Germany and Italia. In 2015, Vietnam exported $6.9 billion worth of wooden furniture products, an increase of 10.7 percent over 2014, turning Vietnam into the fourth biggest wooden furniture exporter in the world after China, Germany and Italia. Tran Anh Vu, director of Lien Thanh Furniture, estimates that the proportion is 50 percent.An analyst said he can see some problems in the structure of revenue from wooden exports. According to the Ministry of Industry and Trade, in the first five months of 2016, the turnover from wood and wooden exports reached $2.68 billion, an increase of 2.08 percent compared with the same period last year. High-quality products and low labor cost are the strong advantages with which Vietnam can compete well with other countries.It is estimated that there are 4,000 wooden furniture manufacturers in Vietnam, while the number of enterprises rises, both Vietnamese owned and foreign invested ones.

Source: VietNamNet News July 14, 2016 06:56 UTC