There has been an increasing trend of furniture manufacturers from Australia looking to source products from Vietnam. As trade liberalization takes place and more countries look to strengthen their international presence through various export agreements, it will be interesting to see what happens in this area. For now, Australia is still the leading choice when it comes to furniture manufacturers looking to source products from Vietnam. The reasons for this are that these manufacturers are more familiar with the working conditions and business practices in Vietnam, have better access to skilled workers, and can get products at a cheaper price than they could in Australia.
Australia is a significant trading partner and import provider to Vietnam. It is Vietnam’s largest wood-producing nation and the second largest in Southeast Asia after China. Like other countries in the region, Vietnam relies on Australia for its supplies of machinery, agricultural products, and manufactured goods. Over the past few years, there has been a growth in Australia’s furniture manufacturers sourcing products from Vietnam. Some of these manufacturers are now starting to source parts and components from Vietnam.
Over the next few years, the growth of Vietnam’s domestic furniture manufacturing sector is expected to continue growing at a strong rate, driven by both domestic and international demand. This is also due to the fact that Vietnam is offering good prices to countries in the region that want to buy their wooden goods. Suppliers of bamboo products, such as wood beads and rattan, are also starting to source products from Vietnam. This increase in supply will likely lead to a further strengthening of the current global trade agreement between Australia and Vietnam, which currently covers almost all types of manufactured goods that come into Vietnam.