{"id":75767,"date":"2018-06-05T12:06:39","date_gmt":"2018-06-05T12:06:39","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/wooden-furniture-manufacturers-vietnam-concerned-raw-material-shortages\/"},"modified":"2025-09-19T08:48:13","modified_gmt":"2025-09-19T08:48:13","slug":"wooden-furniture-manufacturers-vietnam-concerned-raw-material-shortages","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/wooden-furniture-manufacturers-vietnam-concerned-raw-material-shortages\/","title":{"rendered":"Wooden furniture manufacturers in Vietnam are concerned about raw material shortages"},"content":{"rendered":"

Vietnam's export turnover of all woodwork products during the first four months of 2018 increased significantly.<\/em><\/p>\n

According to a report released by the\u00a0General Department of Customs (GDC),\u00a0Vietnam exported $680 million worth of products in April and $2.6 billion in the first four months of 2018, an increase of 9 percent over the same period last year.<\/p>\n

Also, wooden furniture manufacturers expect another prosperous year in 2018 as demand is predicted to continue to increase globally.\u00a0Most large manufacturers have enough orders to keep them busy until mid-year. Some of them even have orders for the entire year, especially from Europe and the US, Vietnam Net reported.<\/p>\n

Importers from Europe and the US have\u00a0 shifted orders to Vietnamese enterprises instead of Chinese firms, so the number of customers from the two regions grew significantly. Moreover, South Korean exports increased a lot due to the fact that\u00a0Vietnam\u2019s products have become more and more favored in the country. This was also possible due to the\u00a0bilateral FTA (free trade agreement) between Vietnam and South Korea.<\/p>\n

According to Nguyen Ton Quyen, deputy chair of the Vietnam Timber and Forest Product Association (Vifores), the target of $9 billion turnover this year is within reach. However, to obtain such high export turnover, Vietnam would need a large amount of materials. At the end of April 2018, the Ministry of Agriculture in Vietnam reported that the country\u00a0imported $698 million worth of timber materials, up by 2.5 percent compared with the same period last year.<\/p>\n

According to Vietnam Net, it is estimated that for every $1 billion worth of increased export turnover, the material needed would be 3.5 million cubic meters. Meanwhile, domestic sources (planted forests) can only satisfy 10-15 percent of demand. Also, every year, Vietnam collects 18-19 million cubic meters of timber, but only 2-3 million cubic meters can be used to make wooden furniture, while the rest are chips for artificial boards.<\/p>\n

To solve the material shortage, Vifores has proposed the state restrict material exports, especially chips which can be used for other work. It has also suggested fully exploiting domestic materials such as rubber wood and fruit tree wood.<\/p>\n

\u201cTo do this, the support by the State will be very important<\/em>,\u201d Quyen said. \u201cThe state should not make too deep intervention into businesses\u2019 transport and examination over timber origin<\/em>.\u201d<\/p>\n

According to Nguyen Quoc Tri, general director of the Forestry Department, in the long term, Vietnam needs to develop domestic material sources, which will allow to both reduce production costs and trace the origin of timber.<\/p>","protected":false},"excerpt":{"rendered":"

Vietnam’s export turnover of all woodwork products during the first four months of 2018 increased significantly. According to a report released by the\u00a0General Department of Customs (GDC),\u00a0Vietnam exported $680 million worth of products in April and $2.6 billion in the … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3842,3525,3720,3843],"class_list":["post-75767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-raw-materials","tag-vietnam","tag-wooden-furniture","tag-woodwork-products","topic-forestry","topic-wood-furniture","area-asia-middle-east"],"acf":[],"yoast_head":"\nWooden furniture manufacturers in Vietnam are concerned about raw material shortages<\/title>\n<meta name=\"description\" content=\"Vietnam's export turnover of all woodwork products 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