Vietnam’s index of industrial production (IIP) in January fell 9.2% against the previous month and inched up 0.6% year-on-year, according to the General Statistics Office (GSO).

The UAE, which has to import woodwork and wooden furniture products, has need for living room products, which could be worth US$1.08 billion. This could be a great opportunity for Vietnam exporters.

Faced with a slump in export orders, woodworking firms have been striving to stay afloat in various ways.

Tight timber supply, coupled with transport delays, has been holding back furniture manufacturers, exposing the need for domestic substitution for imported timber.