International woodworking expo slated for this week

19-Sep-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

VietnamWood, an international woodworking industry fair, will take place from September 18 to 21 in HCM City’s District 7, with more than 480 exhibitors from 30 countries and territories attending.

The 13th edition of the show will showcase high-performance woodworking machinery and equipment from hundreds of popular brands such as Homag, Weinig, Siempelkamp and SCM.

The event is expected to offer a comprehensive picture of optimal business foundations to companies in the wood and furniture processing sector, who are making efforts to find high-quality woodworking machinery and technology to address their existing issues with productivity, human resources and technology investment.

Visitors can also attend seminars during the fair, where experts from the Handicraft and Wood Industry Association of HCM City, the Vietnam Chamber of Commerce and Industry and Taiwan Woodworking Machinery Association will share their knowledge of and experience with technology transfers, productivity improvement and other solutions for the local woodworking industry in the digital era.

Data from the Vietnam Administration of Forestry shows that the country’s forestry product exports totalled over $1 billion last month, up 16 percent year-on-year, sending the total in the year to August rising to over $7 billion, up more than 18 percent versus the previous year.

Exports of wood and wooden products reached some $6.6 billion.

With this upward trend, coupled with the rising number of orders for the rest of the year, the local wood industry expects that export turnover of forestry products in all of this year will hit the Ministry of Agriculture and Rural Development’s target of $11 billion, up $1.7 billion against 2018.

Besides the positive growth rates, however, the local wood industry is facing four main challenges.

Local wood processors have had to compete fiercely with the increasing number of foreign-invested firms joining the local market.

Further, the shortage of workers is putting additional pressure on local firms.

Meanwhile, labour productivity at local firms remains low. The quality of Vietnamese labour ranks 11th on a list of 12 Southeast Asian countries that responded to a World Bank survey.

Finally, the digitalisation process has seriously affected the processing, management, design and sales activities of the industry, prompting wood firms to actively embrace change.

Accordingly, the organising committee of VietnamWood 2019 expects the event to help local firms work out appropriate investment strategies to ensure continued growth. percente2 percent80 percent99l-woodworking-expo-slated-for-this-week.html


Category: Business, Vietnam

Print This Post