Representatives of leading Polish manufacturers of agricultural and forestry machinery have expressed strong interest in Việt Nam’s potential in both furniture manufacturing and mechanical engineering and manufacturing.
Experts argued that stronger local demand could reduce the sector''s dependence on overseas markets and improve its resilience to global economic shocks
While optimistic about a recovery in wood products exports, industry insiders also cautioned about the challenges ahead and said businesses should adopt flexible strategies and enhance promotions to retain their traditional customers and get new ones.
Viet Nam’s furniture exports to the US have risen sharply in recent times, but to sustain the growth firms need to focus on complying with regulations in that market, including sustainable development norms, experts have said.
More than 100 domestic and foreign companies are showcasing their products at the seventh Viet Nam Furniture and Furnishing Fair that opened in HCM City on November 24.
With a world-class furniture and chemical emissions testing laboratory
expected to open in the country early next year, furniture manufacturers
will be able to save money and expand into global markets.