The furniture market draws tens of thousands of participating businesses, including the absolute most exciting high-end part with names such as Pho Xinh, Nha Vui, Index residing mall, etc. foreign brands due to the opportunity from the domestic möbel betonoptik industry of Vietnam.Real need and getting power of furniture business per capitaAccording to data of the Ho Chi Minh City Association of Fine Arts and Timber Processing (HAWA), just for furniture, the common usage need in Vietnam is 21 USD / person / year.
Calculated, the degree of domestic wooden furniture consumption in 2018 reached US $ 4 billion.According to Mr. Phan Dang Chuong - Deputy Standard Manager of ERNST & Young Vietnam Confined, in the past 5 decades, about 400,000 - 500,000 townhouses and high-class apartments have already been created in Vietnam. Normally, each residence employs at the very least 1-2 hundred million dong for the inside, therefore there's significantly less than 100,000 billion dong for this demand.
As well as real-estate, the strong development of the furniture industry can also be linked to the forming of the middle-income group in Vietnam that has spread the aesthetics and demand of consumers. "Clients don't pick furniture as regular things but show their lifestyle, advanced cosmetic sense," Mr. Phan Dang Chuong shared.In 2018 Vietnam spent nearly 500 million USD to import furniture, which will be expected to continue to improve in the next years.
In line with the sharing of consultant of Eric Dinh, marketing manager of Dongsuh Furniture, middle and high-end items have several value sectors ranging from tens of million to nearly 400 million dong / product. Particularly, the buying power of the purchase price portion below 50 million VND accounts for 40% of income of this business. And at the same time frame established, the current furniture market has not been properly examined when it comes to solution value.
It is a challenge but Dongsuh Furniture's style of offering furniture on the web can completely modify that. Getting things on the web in Korea as a practice of individuals, we genuinely believe that in Vietnam, we is going to do exactly the same, especially before the surge of IoT and e-commerce programs in Vietnam. selling home furniture may help save yourself significant prices and support all Vietnamese persons get the chance to access the blissful luxury furniture phase at an inexpensive charge "- Mr.
Eric Dinh shared with reporters tablets.Not just Dongsuh Furniture, different high-end models distributed by Dongsuh Furniture also develop very high whilst the style of living furniture (sectional sofa) class furniture, office room with company chair samples.With home gear, kitchen, Kohler, Rita Vo is among the 10 greatest distributors of the group. Mr. Vo Mau Quoc Trien - Chairman of the Panel of Administrators Rita Vo said that Vietnam is the next largest market in Asia, following India and China.
When having an effective spouse, the development of the circulation system will undoubtedly be quickly, ”Mr. Park Small Nam affirmed.What could be the potential of Vietnam's furniture industry today?While major the entire world in furniture export, Vietnam remains leaving many potentials of the domestic industry open."Ignoring" the domestic furniture marketAccording to a written report on the Vietnam furniture industry made by Dongsuh Furniture, Vietnam ranks first in Southeast Asia, second in Asia and 4th in the world.