Furniture fair seeks to help firms link up with new international buyers

The second Vietnam ASEAN International Furniture & Home Accessories Fair to be held in HCM City from August 27 to 30 will provide a platform for Southeast Asian manufacturers to display their best products and connect with global buyers.
Furniture fair seeks to help firms link up with new international buyers
A booth at the VIFA ASEAN 2023. This year the fair will be held from August 27 to 30 at the Saigon Exhibition and Convention Centre. — Photo courtesy of Liên Minh Company

The second Vietnam ASEAN International Furniture & Home Accessories Fair to be held in HCM City from August 27 to 30 will provide a platform for Southeast Asian manufacturers to display their best products and connect with global buyers.

VIFA ASEAN 2024 is expected to attract more than 300 exhibitors from the region and other parts of the world with 1,000 booths.

It will showcase indoor and outdoor furniture, home decor, handicrafts, machinery, hardware, tools, and supporting services.

Speaking at a press conference held on May 23 to introduce the fair, Đặng Quốc Hùng, general director of the Alliance Handicraft Wooden Fine Art Corporation (Liên Minh Company), one of the organisers, said the event aims to gather leading Southeast Asian furniture suppliers and develop the city into an interior and exterior furniture trading hub.

Last year it attracted more than 9,430 visitors, including over 3,700 foreign visitors, and 76 per cent of exhibitors signed deals worth $84 million right at the fair, he said.

Trần Ngọc Liêm, director of the Việt Nam Chamber of Commerce and Industry’s HCM City branch, said exports of timber and wooden products declined for the first time in 2023 after two decades of impressive growth.

But there have been positive signs this year, with exports in the first four months rising by 25 per cent year-on-year to US$4.89 billion, he said.

While optimistic about a recovery, he also cautioned about challenges due to prolonged geopolitical conflicts, rising logistic costs and shipping times due to the Red Sea tensions and stringent requirements in terms of origin, environmental and social responsibility in import markets.

He said businesses should adopt flexible strategies, make an effort to capitalise on the recovery in demand and free trade agreements the country has signed to boost exports, and persify export markets.

He said exhibitions are effective promotion channels for businesses to showcase their products, link up with potential partners and keep abreast of market trends and innovations.

In addition to international buyers, VIFA ASEAN 2024 is also an event that would attract thousands of Vietnamese furniture buyers, he said.

Huỳnh Thị Phương Vi, Deputy General Director of Hiệp Long Fine Furniture Company, said her company has got many new customers through VIFA Expo and VIFA ASEAN.

It would join the fair this year too, and hopes to find more new customers, she said.

Its exports have increased significantly this year thanks to new orders and are expected to remain very positive, she added.

Jointly organised by the Việt Nam Chamber of Commerce and Industry, Liên Minh Company, the HCM City Union of Business Associations and Việt Nam Association for Building Materials, the fair will be held at the Saigon Exhibition and Convention Centre.

Source: VNA
vietnamnews.vn

Related News

Latest News

Import-export turnover reached nearly US$65 billion in May

Import-export turnover reached nearly US$65 billion in May

VCN - Import and export in May continued to remain at a high level and was the month with the second highest turnover in the first 5 months of the year.
Russia’s Far East potiential destination for Vietnamese businesses: official

Russia’s Far East potiential destination for Vietnamese businesses: official

There is ample room to promote trade between Vietnam and Russia’s Far East, head of the Vietnam Trade Office Branch in the Far East region Nguyen Hong Thanh said in an interview with the Vietnam News Agency (VNA) ahead of the state visit to Vietnam by President Vladimir Putin.
Exports up 13.8% in first half: ministry

Exports up 13.8% in first half: ministry

Vietnam’s exports expanded about 13.8% year-on-year in the first half of this year, and imports rose 18.4%, the Ministry of Industry and Trade (MoIT)’s Planning and Finance Department said at a press conference in Hanoi on June 19.
Seafood businesses clearly point out barriers affecting exports

Seafood businesses clearly point out barriers affecting exports

VCN - Many seafood businesses have mentioned barriers that are affecting exports that need to be removed.

More News

Many exported seafood products have experienced high growth

Many exported seafood products have experienced high growth

VCN - Except for shrimp products, which decreased slightly, all exported seafood products in May 2024 all grew well, including many products with high double-digit growth spurts.
Export turnover increases over 14.9%

Export turnover increases over 14.9%

VCN - By the end of May, export activities maintained a double-digit increase with a turnover of US$156.28 billion.
Rice exports to China drop sharply

Rice exports to China drop sharply

VCN - While the amount of rice exported to Southeast Asian markets increased sharply, the results in the Chinese market were the opposite.
Germany supports Vietnam’s garment industry in green transformation

Germany supports Vietnam’s garment industry in green transformation

Five pilot projects on green technology for Vietnamese textile and garment exporters went on show at the ‘For a Sustainable Garment and Textile Industry in Vietnam’ show held in Hanoi on June 17.
Tuna exports expected to grow by 20% in H1

Tuna exports expected to grow by 20% in H1

Tuna exports are projected to reach 456.8 million USD in the first half of 2024, a year-on-year increase of 20%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Recovery underway, businesses need to accelerate credit

Recovery underway, businesses need to accelerate credit

VCN - In recent directives, the monetary policy regulatory body continues to urge banks to implement practical and effective solutions to strive for credit growth across the system, aiming for a 5-6% increase by the end of Q2 2024.
Seafood exports in 2024 aim for US$10 billion

Seafood exports in 2024 aim for US$10 billion

VCN - On June 10, 2024, at the 2024 General Assembly of Members held by the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood enterprises and regulatory agencies proposed numerous solutions to achieve the goal of US$10 billion in exports for 2024.
New opportunities for Vietnam-Russia trade

New opportunities for Vietnam-Russia trade

The upcoming official visit to Vietnam by Russian President Vladimir Vladimirovich Putin is expected to open up new opportunities in bilateral relations, aiming towards the prosperous development for both sides.
MoIT launches anti-dumping probe into galvanised steel originating from China, RoK

MoIT launches anti-dumping probe into galvanised steel originating from China, RoK

The Ministry of Industry and Trade (MoIT) has requested an investigation and application of anti-dumping measures against some galvanised steel products originated from China and the Republic of Korea (RoK).
Read More

Your care

Latest Most read
Import-export turnover reached nearly US$65 billion in May

Import-export turnover reached nearly US$65 billion in May

Import and export in May continued to remain at a high level and was the month with the second highest turnover in the first 5 months of the year.
Russia’s Far East potiential destination for Vietnamese businesses: official

Russia’s Far East potiential destination for Vietnamese businesses: official

There is ample room to promote trade between Vietnam and Russia’s Far East, head of the Vietnam Trade Office Branch in the Far East region Nguyen Hong Thanh said in an interview with the Vietnam News Agency (VNA) ahead of the state visit to Vietnam by President Vladimir Putin.
Exports up 13.8% in first half: ministry

Exports up 13.8% in first half: ministry

Vietnam’s exports expanded about 13.8% year-on-year in the first half of this year, and imports rose 18.4%, the Ministry of Industry and Trade (MoIT)’s Planning and Finance Department said at a press conference in Hanoi on June 19.
Seafood businesses clearly point out barriers affecting exports

Seafood businesses clearly point out barriers affecting exports

VCN - Representing seafood businesses at the recently held all-member conference, Mr. Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the export forecast Aquaculture in the future will be full
Many exported seafood products have experienced high growth

Many exported seafood products have experienced high growth

Except for shrimp products, which decreased slightly, all exported seafood products in May 2024 all grew well, including many products with high double-digit growth spurts.
Mobile Version