Incheon International Port creates a channel for exporting high-end furniture to Vietnam

Incheon International Port Authority (IPA) said on September 29 that exports of Korean office furniture to Vietnam have begun to show results.

Photo caption — Cargo containers are unloaded at a port in Incheon, South Korea. Photo: AFP/TTXVN

Accordingly, IPA began exporting office furniture to Ho Chi Minh City from April 2024. To date, 8 TEUs (1 TEU is equivalent to a 20-foot container) have been exported and the export volume is expected to continue to increase as the high-end office furniture market in Vietnam expands. Statista, a global market research company, predicts that the furniture market in Vietnam will grow at a high average annual rate of 8.7% until 2027. In particular, as the economic level improves, interest in the quality and design of Korean furniture in the Vietnamese market is increasing. As banks, law firms and many Korean companies are expanding their penetration into the Vietnamese market, the demand for high-end Korean office furniture is also increasing. To keep up with this trend, IPA plans to prepare support measures to reduce logistics costs, such as offering incentives on cargo volume.

In addition, to increase exports, IPA is also seeking cooperation with Vietnamese companies such as shipping companies, logistics companies, and import-export companies. Previously, the IPA office in Ho Chi Minh City supported 15 Korean small and medium-sized enterprises to export products through Incheon Port and distribute them on Vietnamese e-commerce platforms such as Shopee and Lazada, creating an export volume of up to 30 TEU. Kim Sang-ki, head of the IPA business division, said that exporting office furniture will be an opportunity for Incheon Port to become a major export channel for office furniture. Incheon will support import-export companies by reducing logistics costs and helping to solve difficulties.

Baotintuc.vn

Source: https://baotintuc.vn/kinh-te/cang-bien-quoc-te-incheon-tao-kenh-xuat-khau-hang-noi-that-cao-cap-sang-viet-nam-20240930085050917.htm