HÀ NỘI - Vietnamese wood enterprises have plenty of opportunities to export to Australia thanks to a number of factors that play into their favour, trade experts said.

Việt Nam’s favourable geographical location as well as Australian strong import demand and preferences brought by free trade agreements (FTAs) such as the ASEAN-Australia-New Zealand FTA make exporting wood products to Australia a viable prospect, they said.

According to the Vietnamese Trade Office in Australia, domestic consumers tend to favour low-cost furniture. However, local producers fail to compete with foreign exporters in terms of prices due to high labour and input costs.

Australian customers, on the other hand, are open to the prospect of buying imported wooden furniture, as they pay attention to the quality, design, and price of the furniture rather than their origin, the office said.

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Source From: Viet Nam News