Wood industry players in Vietnam are expected to make leaps and bounds to help make Vietnam become the world’s second largest interior furniture exporter, after China, within the next 7-8 years, given that the European Union-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are to come into effect next year, offering them ample opportunities.
Firstly this word is quit confusing so let its not related with rubber .Rubberwood is a hardwood belonging to the Euphorbiaceae family Rubberwood has very little tendency to warp or crack Rubberwood-Eco Friendly!
Though the CPTPP has yet to take effect, the number of orders from CPTPP countries, including Canada, Japan, New Zealand, Australia and Peru, has increased significantly.
Despite the constantly strong growth posted by the wood industry over the past few years, wood enterprises are aiming for a higher target: sustainable development, environmental protection and greater export turnover through higher added value.
The Vietnam wooden processing industry is facing great opportunities in terms of the trend and market as well as the potential production of the domestic enterprises. Unless grasping promptly, Vietnam will lose the market to other countries in the region.
Beetles are the largest group of animals, having about 400,000 species in 500 families. They are extremely diverse with species adapted for almost any kind of environment and to feed on any food source, including many agricultural, horticultural and forestry plants and products. Many species are also beneficial predators of other insect pests.
Viet Nam and Austria have enjoyed fine developments in all fields, especially economic cooperation.
The furniture industry aims to achieve sales of US$20 billion by 2025 and move from doing mainly sub-contract work to original design.
Vietnam sees wood and wood works as a spearhead industry, earning export revenues of $18-20 billion by 2025.
After reaching $8 billion worth of export turnover, Vietnam’s wooden furniture manufacturing enterprises are now entering the high-end market segment.