VietnamWood 2023: The Premier International Woodworking Machinery Exhibition
Keywords: VietnamWood 2023, woodworking machinery, wood processing industry, exhibition, technology, market recovery, wood industry challenges, smart factories, sustainable production, carbon neutrality, supply chain.
In a press conference on “The 15th International Exhibition on Woodworking Machinery and Equipment for the Wood Industry in 2023” (VietnamWood 2023), Mr. Nguyen Chanh Phuong, Vice Chairman of the Ho Chi Minh City Handicrafts and Wood Processing Association (HAWA), shared valuable insights.
According to Mr. Phuong, businesses in the wood industry are experiencing a more positive response from their purchasing partners. Some companies with new orders have already started arranging for overtime work or hiring additional labor.
However, achieving the 2023 export target of $17 billion, set at the beginning of the year, seems increasingly challenging. It is anticipated that by the end of the year, the total export turnover of wood and wood products from Vietnam may reach approximately $6 billion, resulting in an annual export turnover of about $14 – $14.5 billion.
Amidst the pressure of substantial orders and a declining workforce, Vietnamese wood industry businesses have prioritized substantial investments in machinery in recent years. Nevertheless, in comparison to the industry’s potential and other wood-exporting nations, the investments in machinery by Vietnamese businesses still fall short. Therefore, many wood industry businesses are focusing on acquiring information about advanced machinery and equipment to meet the growing demands of the market.
According to data from the International Trade Centre (ITC), HAWA representatives revealed that Vietnamese wood industry businesses are importing a significant amount of machinery and equipment, with a total turnover of approximately $240 million, primarily from China, Europe, South Korea, and Japan.
To address this, HAWA is set to organize the VietnamWood 2023 exhibition, scheduled for September 20th to 23rd, 2023, at the Saigon Exhibition and Convention Center (SECC), District 7, Ho Chi Minh City. This event will enable businesses to access, update, and innovate their technology to stay ahead of the market’s recovery in the woodworking and furniture industry after facing numerous challenges during the pandemic. It presents an opportunity for businesses to get ahead of new trends.
VietnamWood 2023 is expected to attract more than 320 domestic and international businesses from 28 countries and territories, including China, Germany, Italy, India, Indonesia, Japan, South Korea, Malaysia, Singapore, Taiwan, Thailand, and the United States. They will showcase the latest technologies in wood processing.
In addition to the main machinery and equipment exhibition, VietnamWood 2023 will bring together businesses supplying raw wood materials and ancillary materials to serve the entire production chain for factories.
Judy Wang, President of the VietnamWood exhibition organizing company, Yorkers Trade & Marketing Service Co., Ltd., stated that this year, the exhibition will focus on specific solutions for smart factories. These solutions involve upgrading and integrating independent machinery into production lines to reduce the rate of faulty products and enhance overall production efficiency.
With a strong focus on the nation’s digital transformation over the past few years, VietnamWood 2023 will introduce comprehensive and fully automated wood production machinery and integrated systems. These will be displayed to drive the transformation and upgrade of Vietnam’s wood processing industry.
This year’s exhibition will also be live-streamed under the theme “Latest Technology,” and a series of wood technology seminars will focus on four key issues related to the current wood processing industry: proactive production, simple operation; green factories aiming for carbon neutrality; equipment health and smart maintenance; and the topic of “EUDR and the green supply chain.”