Vietnam's pavilion opens at High Point Market in US

Vietnam’s national pavilion at the High Point Market fair in North Carolina, the US, was inaugurated on October 26.

Covering 460sq.m, the pavilion showcases furniture and interior decoration products that received visitors' attention for their quality and style suitable for the US market.

US customers at Vietnam's national pavilion. (Photo: VNA)
US customers at Vietnam's national pavilion. (Photo: VNA)

In his opening remarks, Deputy Director of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade Le Hoang Tai said the export value of timber and wood products in Vietnam was estimated at nearly 12.2 billion USD in the first nine months of this year, an increase of 17.2% compared to the same period in 2023.

The primary markets for the country's wood and wood products include the US, China and the European Union. The US took the lead with import values soaring to 5.9 billion USD, up 24.7% year-on-year.

Vietnam has held various activities to promote the national pavilion at the fair, such as running advertisements in the fair's main publications, sending emails to potential customers, distributing catalogues introducing Vietnamese companies, and publishing articles on prominent, reputable wood industry newspapers in the US, such as Furniture Today.

The High Point Market is the largest and most prestigious furniture and home décor trade show in the world with total exhibition area of up to 900,000 sq.m.

The participation in the annual US wood fair through the national trade promotion programme since 2003 has contributed significantly to the export growth and the popularity of the country's wood product brand in this market. US importers have recognised Vietnam as a reliable source of wood and wood products, especially in the indoor furniture segment, where Vietnam ranks as the leading supplier for the US market./.

VNA

Economy

VNA
Economy

Vietnam makes bold step to improve business climate: VCCI report

Vietnam’s business and investment climate is showing marked improvements following sustained reform efforts, with enhanced access to business-related information and regulations, reduced unofficial costs, and effective administrative reforms, according to the latest survey by the Vietnam Chamber of Commerce and Industry (VCCI).

Binh Dinh seeks German investment in offshore wind power project
Economy

Binh Dinh seeks German investment in offshore wind power project

The central province of Binh Dinh always create favourable conditions for investor to explore opportunities and invest in the locality, the provincial Party Secretary Ho Quoc Dung said during a working session with Helga Margarete Barth, German Ambassador to Vietnam, and representatives from the German Chamber of Commerce and Industry in Vietnam (AHK Vietnam), and PNE Group on October 30.

Vietnam, Laos step up trade, tourism promotion
Economy

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).