VietNamNet Bridge - Many free trade agreements (FTAs) and comprehensive partnership agreements have taken effect in the country. However, Vietnamese products bearing Vietnamese brands still find it difficult to conquer the world market. The Vietnam-South Korea FTA took effect last December and it was hoped to bring great opportunities to Vietnamese businesses to boost exports to South Korea. Vietnam also puts high hopes on TPP, which, once taking effect, would help Vietnamese products penetrate large markets such as Japan, the US, Canada and Australia. However, analysts commented that even with FTAs, Vietnamese businesses would still have to struggle to bring their products to the world market. Regarding Vietnam-South Korea trade, the two-way trade turnover is somewhat inclined to South Korea.Vietnam puts high hopes on TPP, which, once taking effect, would help Vietnamese products penetrate large markets such as Japan, the US, Canada and Australia. South Korean products have been … [Read more...] about Vietnamese brands struggle to conquer world market
World markets furniture
CONTECH Spreads onto the World Market
CONTECH Spreads onto the World Market The Construction Science and Technology Consultancy Joint Stock Company (CONTECH), the successor of an architecture office under the Vietnam Architects Association, has won its clients’ hearts just after nearly six years of independent operations. With a modern working style, Contech not only serves domestic customers but also intends to send its business abroad. Mr. Phung Quoc Lap, director of Contech, said: “We always pursue the goal of ‘our principals of quality and service manner are most important.” After being successful in construction consultancy, Contech is now taking part in other fields of the construction market. In addition, the company manufactures luxury furniture, especially woodwork and sofas made of timber from the United States, veneer from Malaysia and accessories from Austria and Switzerland. Thus, Contech can supply a full service package for customers, ranging from design consultancy to … [Read more...] about CONTECH Spreads onto the World Market
Vietnamese Businesses Conquer World Market
Vietnamese Businesses Conquer World Market The Ministry of Industry and Trade said seven commodity groups have exceeded export earnings of US$1 billion in the first seven months of 2007. Total export value in the first seven months this year reached US$26.8 billion, fulfilling 57 per cent of the full-year target of US$46.75 billion. To realise this year’s target, Vietnamese enterprises have made great efforts in expanding into and affirming their prestige on regional and global markets. Truong Thanh Furniture - success from direct utility selling Truong Thanh Furniture Corporation has long been active on the world market, with a significant presence in the UK, France, Spain, Germany, Finland, Denmark, Greece, Australia, New Zealand, the US and Japan. Truong Thanh’s products have also been exported to new markets such as Brazil, Romania, Turkey and Saudi Arabia. Truong Thanh’s products are now present in many popular supermarkets and retail systems in the world … [Read more...] about Vietnamese Businesses Conquer World Market
VN set for world-class furniture testing lab
HCM CITY (Biz Hub) - With a world-class furniture and chemical emissions testing laboratory expected to open in the country early next year, furniture manufacturers will be able to save money and expand into global markets. An agreement to set it up was signed on October 17 between the Ministry of Science and Technology's Quality Assurance and Testing Centre 3 (QUATEST 3) and the US - based Underwriters Laboratories (UL), a global safety science organisation. The lab will have UL's world-class furniture-testing equipment to test hazardous chemical emissions from furniture, building materials, electronics and formulated products. "The new facility will give local manufacturers an advantage with convenient access to expert testing service, enabling them to achieve competitiveness in the global market," QUATEST 3 director Hong Lâm said. Việt Nam was the fourth largest wood furniture exporter last year with revenues of US$6.9 billion, and its exports are expected to grow in the years … [Read more...] about VN set for world-class furniture testing lab
VIFA 2013: Launching Pad for Woodwork Firms to World Markets
VIFA 2013: Launching Pad for Woodwork Firms to World Markets Vietnam’s woodwork turnover is expected to soar in 2013 after a poor performance in 2012. The sixth Vietnam International Furniture and Home Accessories Fair (VIFA 2013) is seen as a starter for a bumper year for the wood industry. VIFA is an annual event organised by the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) and one of destinations of the ASEAN Furniture Industries Council (AFIC). Following the success of previous fairs, VIFA 2013 is set to take place from March 11 to 14. 2013 at the Saigon Exhibition & Convention Centre, 799 Nguyen Van Linh Street, District 7, Ho Chi Minh City. The event is co-organised by the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) and HAWA Corporation. According to the organisers, in order to increase the effectiveness of this year's exhibition, they have continuously launched popularity activities right from 2012, featured by … [Read more...] about VIFA 2013: Launching Pad for Woodwork Firms to World Markets