Problems and prospects for the development of the furniture industry in Vietnam

Vietnam is a developing country with a diversified economy. The furniture industry in Vietnam is one of the most dynamic and successful industries in the process of international economic integration. In recent years, Vietnam's woodworking industry has undergone profound changes, becoming one of the key industries in Vietnam. The furniture industry has become Vietnam's fifth largest export industry after the oil refining, light industry and fisheries. Vietnam became the first exporter of furniture to Southeast Asia. Today, the furniture industry in Vietnam accounts for 6 –7% of the global market. Despite many achievements of the woodworking industry, there are many shortcomings. Among them we can single out the following shortcomings: second-rate quality of products, poor marketing, difficulty attracting investment, worn-out equipment, low qualifications of staff, and dependence on import.