Vietnam furniture exports constant growth, but lumber resource is in short suppl

The furniture of Vietnam exported the forehead to already grew 49% this year, amount to 1.9 billion dollar, vietnam lumber and forest products association say the exit product of this country already sold 80 many nations of past world, perspective of lumber treatment industry is wide. The United States imports the woodiness furniture of more than 3 billion dollar every year, for the exit of Vietnam growth offerred an opportunity. Furniture ranks the 5th in the export goods of Vietnam, be next to crude oil, textile, shoe kind with sea product. Department of Commerce expects furniture exit forehead reached 5.5 billion dollar 2010. Vietnam has 464 chairs exporter, among them 400 are state-owned company, of the others is foreign capital enterprise.

But the growth that the shortage of lumber resource will restrain its furniture to export. Because a lot of countries had issued the prohibition that limitative log exports, inside 3 years of in the past lumber price violent wind rose 30% ～ 40% . The lumber resource of Vietnam home can satisfy his only the demand of 20% , other basically is relied on import from Indonesian, Malaysia and Philippine high price. In the past two years, southeast Asia two the biggest exit countries are Indonesian had stopped to export sawn timber with Malaysia, the raw material of lumber of a few companies that brought about Vietnam as a result is nervous, overbalance must be imported last year for this furniture line of business equipment of the lumber of 1 billion, carpentry and establishment of form a complete set. Many furniture companies must explore lumber resource in world other each district. Company of Sadaco imports and exports already the as biggest as Canada lumber supplier Canfor signed trade agreement. The government also prepares to add the forest land of 2.5 million Ft2, such going to that can offer the log of 10 million M3 2020.