17:41 | 15/03/2016 Trade
Furniture and lacquer products featuring Vietnamese cultural identities are being introduced by investment promotion centres from the southern province of Binh Duong and Hanoi at the 2016 International Furniture Fair in Singapore.
A Vietnamese lacquer product stall at the 2016 International Furniture Fair in Singapore (Source: VNA)
According to Vietnamese Trade Counsellor to Singapore Nguyen Viet Chi, the presence of Vietnamese goods at the event shows that many domestic firms and localities are seeking export opportunities in foreign markets.
Apart from the two centres, a number of domestic and foreign-invested enterprises are also displaying their products at the fair, attracting interest of many international businesses.
The event, taking place from March 10 to 13, is seeing participation from businesses from more than 30 countries and territories, which are exhibiting their goods in more than 400 booths.
Vietnam started attending the event from 2001, with the number of enterprises participating in the fair increasing every year.
According to statistics from the General Department of Vietnam Customs, Vietnam raked in over 6 billion USD exporting furniture in 2015. The commodity’s export value to Singapore alone hit 16 million USD, accounting for 4 percent of Singapore’s import value of furniture from foreign countries./.