Panels & Furniture Asia March/April 2018
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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56 SHOW PREVIEW<br />
Just when you thought Vietnam’s impressive export turnover could<br />
rise no further, it is once again set to climb, reaching a whopping<br />
US$9 billion in <strong>2018</strong>. Wood and wood-based products will account for<br />
US$8.5-8.7 billion of this figure, according to the Handicraft and Wood Industry<br />
Association of HCMC (HAWA).<br />
The country’s claim to fame as the world’s next production powerhouse<br />
has been unprecedented, yet for the past seven years, revenues have been<br />
rising 12.3 per cent annually. In 2017, wood-based products exports jumped<br />
10.2 per cent to US$8 billion, a goal expected only in 2020. The industry is<br />
forecast to continue on this growth trajectory for the next three years, said<br />
HAWA Chairman Nguyen Quoc Khanh.<br />
Today, Vietnam is the fifth largest furniture exporter in the world, claiming<br />
a global market share of six per cent. It ranks second in <strong>Asia</strong>, behind China, and<br />
is the largest exporter in Southeast <strong>Asia</strong>.<br />
Its appeal as a manufacturing base lies in lower labour costs compared to<br />
neighbouring countries.<br />
Much of this furniture goes to the U.S., Japan, EU, China and South Korea.<br />
With housing starts on an upward trend on the back of a recovering global<br />
economy, we can expect furniture demand to climb further.<br />
In the first 11 months of 2017, Vietnam was also the second largest importer<br />
of American hardwood logs, lumber and veneer after China, according to the<br />
American Hardwood Export Council.<br />
Given the high growth potential of this market, VIFA Woodmac will provide<br />
you access to more than 1,500 exporting companies in need of new technology<br />
to expand capacity. The show is located in Binh Duong province, Vietnam’s<br />
furniture and wood processing hub. It is near the provinces of Long An and<br />
Dong Nai, and Ho Chi Minh City where 60 per cent of the country’s factories<br />
are located.<br />
You can also expect to reach a majority of Vietnam’s 4,000 over wood<br />
processing and furniture companies at two pre-event technical seminar series<br />
in May and July. Many of these visitors will need new machinery, software and<br />
materials to boost output.<br />
Join us on a journey to explore new business opportunities in the production<br />
powerhouse of the future!<br />
- Export turnover to reach US$9Bn<br />
in <strong>2018</strong><br />
- Vietnam’s growth trajectory to<br />
continue for the next three years<br />
Date: Oct 24 – 27, <strong>2018</strong><br />
Venue: Expo Binh Duong, Binh Duong Province, Vietnam<br />
<strong>March</strong> / <strong>April</strong> <strong>2018</strong> • Issue 2 • PANELS & FURNITURE ASIA
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