Hanoi, a thriving hub of furniture manufacturing in Vietnam, proudly ranks third in Vietnam in terms of the concentration of furniture factories, closely trailing behind Ho Chi Minh City.

The demand for furniture and furnishing is set to exponentially increase in the coming months to tackle the booming real estate and hospitality industries: 66 new hotels projects with 11,123 rooms, and many more restaurants and cafes are expected to be built in 2024. The demand for residential properties in Hanoi is soaring, projected to reach a whooping US$4.2 billion. To keep up with the surging demand, furniture manufacturers need state-of-the-art equipment to meet increased production and keep pace with the market.

While the industry is largely focused on exports, there is a clear gap in meeting the needs of domestic market. This opens up a wide window of opportunity for wood and woodworking companies like yours.