Daily News / Global Trends / Market Analysis / Furniture / Statistics / Wood Products / Asia & Middle East / China / Global
January 9, 2018
Chinese furniture manufacturers relocate operations to Vietnam
Many Chinese furniture manufacturers are relocating their manufacturing operations to Vietnam in an effort to deal with rising domestic labor costs. According to Gao Ziu Zhi, chairman of China's Tianjin Furniture Association, Vietnam offers lower labor costs and tariff reductions brought on by a multitude of free trade agreements. Most of the companies looking to relocate are large-scale and possess major export markets. “Vietnam is a promising market for Chinese firms to expand operations in the fields of furniture manufacturing, wood processing, and bike making," says Geng Wei, chairman of ...
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