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Against the backdrop of a significant decline in exports of wood and wood products in the first four months of this year, many wood and handicraft companies hope to find more potential customers at the 2023 Vietnam International ASEAN Furniture and Handicrafts Furniture Accessories Exhibition (VIFA ASEAN 2023).

Chen Yulian, Chairman of the Ho Chi Minh City Branch of the Vietnam Federation of Industry and Commerce, recently stated at the press conference of the 2023 ASEAN International Furniture and Handicrafts Furniture Accessories Exhibition that, in the face of national economic difficulties, an average of about 19000 enterprises exit the market every month. More than 80% of timber enterprises are affected, resulting in a decrease in operating income. Customs data shows that about 38% of enterprises expect to have stable order volume, while 20% expect a decrease in order volume.

According to customs data, in April 2023, Vietnam's exports of wood and wood products reached 1.2 billion US dollars, an increase of 5.5% month on month and a decrease of 24% compared to the same period in April 2022. According to customs data, the export value of wooden products reached 820 million US dollars, an increase of 6% month on month and a decrease of 28% year on year.

According to customs data, in the first four months of this year, the export value of wood and wooden products reached approximately $4 billion, a year-on-year decrease of 28%. Among them, the export value of wooden products reached $2.6 billion, a year-on-year decrease of 36%. At current growth rates, it is expected that Vietnam's exports of wood and wood products will decrease by 28-32% year-on-year in the first half of this year.

The Acting Secretary General of the Vietnamese Coconut Association, Gob Denko, stated that in the current difficult context, holding a furniture exhibition in Southeast Asia will help make Ho Chi Minh City a regional and international center for wooden furniture. At the same time, we will help participating companies expand their export markets, leverage their regional advantages, and create opportunities to reach potential customer sources.

According to customs data, the first Vietnam International ASEAN Furniture and Handicrafts Furniture Accessories Exhibition, titled "The Gathering Place of Southeast Asian Furniture Essence," will be held from August 29th to September 1st at the Saigon Convention and Exhibition Center (SECC) in Ho Chi Minh City, Vietnam. It is expected that this exhibition will attract 350 domestic and foreign enterprises to participate, with a total of 1400 booths, and is expected to become an important trade promotion venue for ASEAN. Thus, it helps exhibitors expand their export market, enhance their corporate strength, and create opportunities to reach potential customers.

The 2023 Vietnam International ASEAN Furniture and Handicrafts Furniture Accessories Exhibition will showcase bedroom furniture, restaurant furniture, bathroom furniture, kitchen furniture, living room furniture, etc; Outdoor and office furniture, all related furniture products, etc; Interior decorative artworks and accessories, accessories, etc; Woodworking machinery, hardware and other products.