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VietNamNews

Businesses win contracts at International Furniture Fair

Update: March, 20/2013 - 10:46

SINGAPORE (VNS)— About two-thirds of 27 Vietnamese businesses showcasing their products at the recent 2013 International Furniture Fair Singapore have received new orders, worth a total of nearly $2 million.

Half of the value was the result of a contract signed between Grass – a company producing bamboo-made decorations in the southern province of Tay Ninh – and its partners from the EU and US, announced the Viet Nam Trade Office in Singapore.

After the fair, lasting from March 9-12, most Vietnamese businesses entered into partnership with foreign businesses that pledged to come and explore the Vietnamese market in the near future, according to the Trade Office.

Vietnamese businesses will have to expand operations to fill those orders – a positive sign for the local wood processing industry.Viet Nam is currently the largest timber product exporter in ASEAN, the second in Asia and the tenth worldwide.-VNS


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