Hanoi – The Ho Chi Minh City Handicraft and Woodworking Association (HAWA) consulted Vietnamese businesses on exporting furniture and interior decorating products to Canada, a promising market for Vietnam-based businesses. According to HAWA, the high demand and positive impacts of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are factors making Canada a market with great potential for Vietnamese furniture and interior decorating products.
Illustrative image (Source: VNA) According to experts, the high demand and positive impacts from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are factors making Canada a market with great potential for Vietnamese furniture and interior decorating products. According to marketinsightsreports.com, Canada's home furniture market is forecasted to expand 6 percent each year in the 2021 – 2025 period. Statistics showed that in 2021, Vietnam's export of wooden furniture to Canada reached 416.4 million USD, up 27.4 percent year on year and accounting for 16.7 percent of Canada’s total spending on the product in the year. Currently, Vietnamese products have been available in major supermarket chains in Canada such as COSTCO, IKEA and LEON’S. Particularly, conquering the Canadian market will also open up chances for Vietnam to increase exports to other Northern American markets. At the consultation session, Vietnamese Trade Councilor and head of
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The Ho Chi Minh City Handicraft and Woodworking Association (HAWA) plans to organize a session to give consultations to domestic businesses on exporting furniture and interior decorating products to Canada, a promising market for Vietnam, on June 7.