Local producers have improved their product quality during the slump and are now capable of expanding their market, Bien said at the opening ceremony of the 2010 Vietnam International Furniture & Home Accessories Fair in Ho Chi Minh City.
Nguyen Chien Thang, chairman of Ho Chi Minh City's Handicraft and Wood Industry Association, said Vietnam has become the leading furniture producer in Southeast Asia, shipping its products to more than 120 countries and territories.
Vietnam's furniture industry has more advantages in terms of labor and designs compared with those of Thailand, Indonesia and Malaysia, Thang said.
Vietnam's wood product exports rose 60 percent in the first two months this year to US$617 million as orders increased amidst a recovering global economy, according to the Ministry of Industry and Trade.
The Vietnam International Furniture & Home Accessories Fair at District 7's Saigon Exhibition & Convention Center will run through March 14.