furniture firms must use domestic materials

Furniture firms must use domestic materials

The world’s wooden interior decor market is predicted to grow at 3.5 per cent in 2018 and continue expanding, providing opportunities to Vietnamese businesses to increase exports of the products.
frances ritz hotel smashes record with furniture sell off

France's Ritz hotel smashes record with furniture sell-off

Luxury furniture auctioned off by the legendary Ritz hotel in Paris sold for €7.3 million (US$9 million), a world record in the industry, auction house Artcurial said Saturday.
stanley furnitures new leadership commits to rebuild brand

Stanley Furniture’s new leadership commits to rebuild brand

As it looks to rebuild its brand and reputation among retailers and consumers, the new leadership at Stanley Furniture is committed to working with and listening to customers to develop its adult and youth CaseGoods assortments.
huge fire destroys 2000sqm rk resources furniture factory

Huge fire destroys 2,000sq.m RK Resources furniture factory

After more than eight hours, the fire at furniture company RK Resources Co., Ltd. in Bau Bang Industrial Zone has been brought under control by 9 AM today, but the entire 2,000sq.m factory area has been destroyed.
vietnamese firms join international furniture fair in singapore

Vietnamese firms join international furniture fair in Singapore

Many Vietnamese wooden furniture and handicraft companies are advertising their products to foreign customers at the International Furniture Fair Singapore 2018 (IFFS-2018), which opened in the island country on Thursday.
akzonobel acquires vpowdertech business to strengthen presence in southeast asia

AkzoNobel acquires V.Powdertech business to strengthen presence in Southeast Asia

AkzoNobel has agreed to acquire the business of V.Powdertech Co., Ltd., the leading Thai manufacturer of powder coatings supplying a range of products for domestic appliances, furniture, and general industrial applications, to strengthen its power coatings business in Southeast Asia.
major banks capital stuck at ailing furniture firm

Major banks’ capital stuck at ailing furniture firm

Viet A Bank, Dong A Bank, and four other banks each have millions of dollars stuck in loss-making furniture firm Truong Thanh Furniture Corporation (TTF).
think tanks unite for world class furniture testing and emissions laboratory

Think tanks unite for world class furniture testing and emissions laboratory

Underwriters Laboratories (UL) and Quality Assurance and Testing Centre 3 (QUATEST3) announced the signing of an Alliance Agreement to develop a furniture and chemical emissions testing laboratory in Vietnam.
vietnamese suppliers call czech furniture distributor fraud

Vietnamese suppliers call Czech furniture distributor fraud

Czech furniture distributor Global Home S.R.O. has allegedly piled up millions of US dollars in debt towards Vietnamese suppliers.
hose puts ttf in special control list

HoSE puts TTF in special control list

The HCM Stock Exchange (HoSE) put the stock of Truong Thanh Furniture (TTF) in the special control list from August 9. After the firm's loss of more than VND1 trillion (US$44.8 million), discovered by auditors in late July, the stock lost more than 66 per cent in value.
solid prospects lie in wood exports to the us

Solid prospects lie in wood exports to the US

The US is currently Vietnam’s largest export market for timber and wooden furniture, generating $2.64 billion in export value in 2015, which accounted for nearly 39 per cent of Vietnam’s total export value for this sector. Industry experts predict that this figure will double following the enforcement of the landmark Trans-Pacific Partnership Agreement.
axed tariffs spurs wood sector

Axed tariffs spurs wood sector

Foreign investors are showing a growing interest in furniture and wood processing projects in Vietnam thanks to the country’s free trade agreements, low labour costs, and a rise in global demand for wood products.
intels startup contest awards 1st prize to furniture company

Intel’s startup contest awards 1st prize to furniture company

Bizsofa, the furniture company that is the exclusive distributor of furniture for the UK embassy in Hanoi and some high-end suppliers in Ho Chi Minh City, has won the highest prize in the competition ‘Make your start-up amazing with Intel’.
japanese invested furniture production plant to be built in ba ria vung tau

Japanese-invested furniture production plant to be built in Ba Ria-Vung Tau

The Nitori Ba Ria-Vung Tau Company, a subsidiary of Japan's Nitori Holdings, was licenced to develop a US$150 million plant manufacturing wooden furniture in the southern Ba Ria-Vung Tau Province.
foreign furniture firms shift businesses to viet nam

Foreign furniture firms shift businesses to Viet Nam

A number of foreign furniture firms have shifted their businesses from Indonesia to Viet Nam since early this year.