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US Furniture Industry Sees Vietnam as Alternative to China
July 25th 2005

Business Imports of Furniture from Vietnam

Vietnam

Ho Chi Minh City, Vietnam – Vietnam has become a popular destination for US wooden furniture importers as the US furniture industry continues to modify its import patterns after the antidumping petition against Chinese wood bedroom furniture manufacturers. This is due to the fact that the furniture imports continued rise in the US while at the same time tariffs on the Chinese furniture also inflated.

This shift from China is having a massive effect on the wood furniture export industry in Vietnam. According to Vietnam’s Ministry of Agriculture and Rural Development, last year Vietnam exported around USD 1.2 billion in wooden products, most of which was furniture, but that is expected to rise to between USD 1.4-1.6 billion during 2005. “Right now Vietnam is exporting furniture to over 120 countries worldwide,” says J.D. McClellan, managing director of Diamond Keystone Associates, a Vietnam based furniture export sourcing company, “but no market is having more of an effect on Vietnam than the United States right now, and I don’t see that changing for some time to come.”

The Vietnam Economic Times has also reported that Vietnam’s industry now boasts over 1200 furniture factories with some very serious growth, stating that the export value of the wooden furniture market for the first six months of 2005 is up 86% from the previous year, and most of this is outsourced product. But J.D. McClellan contends that if importers aren’t careful this trend can bring pitfalls as well as opportunities.

 

“American importers should realize the vast opportunities for their businesses here, but at the same time it is extremely important to have a professional representative on the ground in Vietnam,” says McClellan, “because all kinds of things can, and do, go wrong if someone is not here to follow the production processes on behalf of the importer. This includes choosing the right factory for manufacture, to the design, to the actual manufacture, to packaging to keeping the schedule for the final export shipping.”

More and more though, Vietnam is proving to be worth the effort. Just ask J.D. “At some of the factories we deal with a learning curve everyday, but at the end of the day we are making sure the client gets better value out of Vietnam. I see a bright future with the growth of Vietnamese exports and US wooden furniture imports linked together.”


By Theresa Nguyen
Business Columnist / Writer  www.dkassociates.biz

Books about Importing

 

Keywords and misspellings:  Viet nam importing guide business bussines


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Copyright 2005 Best Syndication                                     Last Updated Saturday, July 10, 2010 09:46 PM