Socialist Republic of Vietnam

Vietnam’s wooden interior furniture exports to the U.S. have risen substantially in the last three years and the trend continues in the first few months of this year, according to U.S. figures.
In the first two months of 2005, Vietnam’s wooden furniture sales to the U.S. hit 103 million USD, up roughly 174 per cent over last year’s same period, says figures of the U.S. International Trade Commission (ITC).

In 2001, sales were only 13 million USD, but topped 374 million USD in 2004, ITC sources say. In the last year, exports grew by 111 per cent from the previous year.

Vietnam has become one of the 10 largest wooden furniture exporters to the American market, says the Vietnam Trade Office in the U.S.

But, the office adds Vietnam’s exports make up just 1.65 per cent of total U.S. wooden furniture imports.

The industry’s major export item to the U.S. is bedroom furniture, which constitutes 40 per cent of its total exports to the market.

The trade office says the industry now has a good chance to boost exports to the American market, where demand for wooden furniture is enormous.

Source: Vietnam Net – Compiled by Hieu Trung.
Story from Thanh Nien News
Published: 11 May, 2005, 11:14:46 (GMT+7)
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