Vietnamese businesses spend US $ 240 million per year importing wood processing machinery

	Vietnam’s wooden product exports recover gradually
	Wood furniture export industry expands its business margin in difficult times

Modern woodworking machinery was introduced at the exhibition. Photo: T.H

Exports recovered positively

Sharing about the production and export situation of businesses, Mr. Phung Quoc Man said that according to some signals recorded in the international market, at present, inflation in the US is gradually decreasing, only Consumption is starting to increase again, furniture inventories are falling, the construction industry is experiencing an increase in demand...

At the same time, according to data from Vietnam Customs, since the beginning of the third quarter of 2023, Vietnam's wood export situation has shown positive signs of recovery. Export turnover in August 2023 reached over US $ 1.1 billion after a long period of decline.

Currently, Vietnam is the fifth largest exporter of wood and wood products in the world with significant demand for wood processing machinery and components. On average each year, Vietnamese businesses invest about US $240 million in importing wood processing machinery.

"VietnamWood 2023 Exhibition takes place at the right time when the wood industry is showing signs of recovery, preparing to enter a new cycle after a long period of challenges with economic fluctuations" - Mr. Man assessed.

Amid the recovery of the US economy in the second half of 2023, the construction industry is experiencing an increase in demand and revitalizing Vietnam's wood processing market.

With the above positive trend, the 15th International Exhibition on industrial machinery and equipment for the woodworking chair industry 2023 (VietnamWood 2023) has more than 600 booths from 28 different countries and territories to introduce the latest wood processing product lines.

At the same time, the International exhibition on furniture equipment, hardware and tools for the wood industry 2023 (Furnitec 2023) organized together with VietnamWood 2023 will create trade opportunities for Vietnamese businesses with partners.

Opportunity to access advanced technology

Ms. Judy Wang, President of Yorkers Trade & Marketing Service Co., Ltd., said: "VietnamWood 2023, a long-standing international platform in Vietnam's wood processing industry has grown with the industry, from mechanization to automation and digitalization. This year, the exhibition focuses on smart factory solutions, specifically solutions on upgrading and integrating independently operated machines into production lines to reduce the rate of defective products and enhance overall production performance."

With the strong trend of focusing on the national digital transformation process in recent years, businesses have introduced comprehensive, automatic wood production technologies and integrated modern machinery systems, in order to promote the process of transforming and upgrading Vietnam's wood processing industry.

In particular, in this year's exhibition there are eight national and territorial pavilions including: Germany, Austria, Canada, China, France, Italy, the United States and Taiwan (China), opening up opportunities for Vietnamese and international businesses to access, develop and innovate potential technology lines.

Vietnam is the 5th largest wood exporter in the world, so the demand for wood processing machinery and components is very significant. VietnamWood is an outstanding exhibition in the wood processing industry in Vietnam, not only introducing advanced technologies in the world but also comprehensively presenting machinery, equipment, raw materials and products that are necessary for the wood processing industry. Highlights of the exhibition include: primary and secondary processing, surface treatment, furniture accessories, hardware, various types of locks and other accessories.

Coming to Vietnam this time, there are many corporations and businesses with famous brands, such as:

Japan's SHODA, with nearly a century of experience and the pioneer of Japan's first CNC machines; DIEFFENBACHER, more than 150 years of reputable experience in the field of wood panel factory; WEINIG - provides integrated services from ideation to operational system design, order processing and production support; SCM GROUP - a leading expert providing a series of solutions in the wood processing industry; BIESSE – Expert in materials, manufacturing woodworking machines and composite materials; VETTA – The largest brand distributor in Vietnam, including FREUD, PADE, CEFLA, SCHÖNE…

In addition, the wood technology seminar series will focus on four main issues related to the current wood processing industry including: proactive production - simple operation; green factories aim to be carbon neutral; equipment health - smart maintenance; EUDR and the green supply chain will be a valuable platform for wood processing experts in Vietnam to update information on new trends and technologies...