Panels & Furniture Asia May/June 2020
Panels & Furniture Asia (PFA) is a leading regional trade magazine dedicated to the woodbased panel, furniture and flooring processing industry. Published bi-monthly since 2000, PFA delivers authentic journalism to cover the latest news, technology, machinery, projects, products and trade events throughout the sector. With a hardcopy and digital readership comprising manufacturers, designers and specifiers, among others, PFA is the platform of choice for connecting brands across the global woodworking landscape.
Panels & Furniture Asia (PFA) is a leading regional trade magazine dedicated to the woodbased panel, furniture and flooring processing industry. Published bi-monthly since 2000, PFA delivers authentic journalism to cover the latest news, technology, machinery, projects, products and trade events throughout the sector. With a hardcopy and digital readership comprising manufacturers, designers and specifiers, among others, PFA is the platform of choice for connecting brands across the global woodworking landscape.
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<strong>May</strong> / <strong>June</strong> <strong>2020</strong>, Issue 3 | <strong>Panels</strong> & <strong>Furniture</strong> <strong>Asia</strong> SHOW PREVIEW | 57<br />
Vietnam is increasingly recognised<br />
as the country to be for wood<br />
processing. In 2019, the export value<br />
of wood and wood products was<br />
US$2.7 billion, a 32.8 per cent increase<br />
compared to 2018. And this year, the<br />
country aims to hit US$12.5 billion in<br />
export value of forest products, a 10 per<br />
cent increase compared to 2019.<br />
Year <strong>2020</strong> marks the second year for the highly-anticipated biennial BIFA WOOD Vietnam<br />
For nearly two decades, <strong>Panels</strong> & <strong>Panels</strong> & <strong>Furniture</strong> China,<br />
<strong>Furniture</strong> Group of wood magazines Wood in Architecture, American<br />
has been delivering timely, thoughtprovoking<br />
insights to its global readership. American Hardwood China. The Group<br />
Hardwood Southeast <strong>Asia</strong> and<br />
The Group's umbrella encompasses is also the organiser of the Sylva Wood<br />
five titles: <strong>Panels</strong> & <strong>Furniture</strong> <strong>Asia</strong>, show in Shanghai.<br />
With high taxes from the Chinese market,<br />
Vietnam has become the place to be to<br />
meet the demands for wood products. The<br />
country has also implemented a series<br />
of free trade agreements (FTAs) such<br />
as the Comprehensive and Progressive<br />
Trans-Pacific Partnership; EU-Vietnam;<br />
Vietnam-ASEAN; Vietnam-Japan; Vietnam-<br />
Chile; Vietnam-Korea; Vietnam-China; and<br />
Vietnam-Thailand. With the implementation,<br />
import tax in the agreement are set to<br />
be reduced or eliminated, providing a<br />
competitive edge for the country.
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