In addition to furniture, they represent manufacturers of bamboo, rattan, water hyacinth, lacquerware, fine art, pottery, porcelain goods. Vietnam’s wood processing has maintained an increasingly high growth rate over the last few years resulting in the industry generating the seventh greatest export value in Vietnam. Launch Biosecurity Import Conditions system (BICON) â It is the responsibility â of importerâs to ensure that their products meet the import conditions. Certain projects may require one or more of these specific traits. They represent hundreds of wood manufacturers in Vietnam and work with them to promote both domestic and international trade. Rubberwood is a medium-density tropical hardwood and has a naturally light color. The continuous development of technology, combined with new trade deals and taking advantage of the US-China trade war proves that it is a good time to be involved in the rapidly growing Vietnamese wood and furniture industry. The MoIT will question the related parties to assess the alleged dumping and the damage it may cause to the industry and if necessary the MoIT will apply anti-dumping measures to prevent any significant damage to one of Vietnam’s fastest growing industries. https://www.amchamvietnam.com/wood-industry-sustainable-development/, https://customsnews.vn/the-evfta-can-increase-export-of-timber-to-the-eu-to-us-1-billion-11192.html, https://english.thesaigontimes.vn/69262/vietnam%E2%80%99s-wood-exports-to-us-at-risk-due-to-trade-tensions.html, https://ic.fsc.org/en/what-is-fsc-certification/forest-management-certification, http://goviet.org.vn/bai-viet/cong-ty-aa-chung-suc-xay-dung-thuong-hieu-go-viet-nam-8953, https://newsourcingmarkets.com/vietnam-sourcing-wooden-furniture-2018/, http://tgvn.com.vn/cptpp-countries-potential-markets-for-vietnamese-wood-industry-91142.html, https://www.worldbank.org/en/country/vietnam/overview, http://www.timbertradeportal.com/countries/vietnam/#industry-profile, https://www.vcsc.com.vn/userfiles/others/VietnamStrategy2018-20180105.pdf, http://ven.vn/vietnam-launches-first-anti-dumping-wood-sector-probe-39976.html, http://ven.vn/vietnam-logs-record-year-of-timber-and-wood-exports-37327.html, https://asianews.network/2019/05/28/wood-exports-soar-to-nearly-3-12b-in-vietnam/, https://en.vietnamplus.vn/wooden-furniture-exporters-expect-bright-prospects-in-2019/144733.vnp, https://www.vir.com.vn/vietnams-wood-exports-set-to-boom-65179.html, https://english.vov.vn/economy/evfta-to-sustainably-boost-vietnams-wood-exports-to-eu-399506.vov. Vietnam’s wood exports to U.S. at risk due to trade tensions. Vietnam demonstrated joint commitment with the EU towards maintaining sustainable development in the sector with the implementation of the Trade and Sustainable Development Chapter, which ensured the continuation of sustainable forest management and trade in forest products. Different types of wood for furniture (both hardwood and softwood) are available in the market. Keep in mind that many of wood that is popular in the states such as spruce, pine, hemlock, Douglas fir is from Canada and will need to be imported if you want to manufacture them in Vietnam. In 2018 alone Vietnam earned a record US$9.3 billion from forestry exports  . Acacia: This kind of teak wood is strong and highly durable, distinct for its close grains and rich bronze appearance. Vietnam’s wood businesses have recently made strong and effective changes in technologies and governance to ensure they are competitive within global market trends. It is classified Available at: https://www.vcsc.com.vn/userfiles/others/VietnamStrategy2018-20180105.pdf. Available at: http://www.timbertradeportal.com/countries/vietnam/#industry-profile. [online] Timbertradeportal.com. We also have working relationships with over a dozen factories in Vietnam that make a wide range of furniture and wooden goods, from simple chairs and tables, case goods, beds, and high-quality structural wood as well as decorative wood and household items. If you are interested in sourcing from than feel free to reach out to the team at Cosmo Sourcing. Vietnam's "Walk in China's footsteps". About 3% of these are Bedroom Sets, 1% are Living Room Sofas, and 2% are Garden Sets. [online] Vietnam Economic News. The wood is light to dark chocolate brown in color with a straight grain in the trunk. Veneers are a very thin sheet of wood that is bonded to the top to create a woodgrain look. Figure 3: US imports from Vietnam surge as imports from China decrease. 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