SBIO/FOR 2784
Group 9
Full Fall Research Project Outline
Vietnam: A look at the Uses of the Raw Material Bamboo and the Wood Furniture Industry
Submitted by:
Emily Rutkowski
_______________
Jack Tappert
_______________
Jiaqi Zhang
_______________
Submission Date: November 10, 2015
A. Abstract –
Vietnam is an up and coming South East Asian economy that is predicted to skyrocket
over the next few years. This rapid development can partly be attributed to its booming furniture
industry as well as its ideal climate for growing wood alternatives such as bamboo. To fully
understand and assess an accurate projection for Vietnam’s economic growth, these two factors
must be explored further. Exploring the significance of wood alternatives, through a focused
report on bamboo, and analyzing trends in the explosive furniture industry were the focus of our
work. We concluded that the growth in popularity of Bamboo has led to falling public ownership
of the product in favor of private ownership. This is promising news for the Vietnamese
economy because increased private ownership allows for greater industrial potential. We also
found that Vietnam’s furniture industry’s massive growth is greatly attributed to foreign
investment. As Vietnam opened their doors to foreign money, their labor pool was better utilized
and several industries took off, including the furniture industry. Foreign investment has not just
had a positive impact. Foreign trade deals threaten Vietnamese domestic markets by
overwhelming the marketplace with cheaper mass produced foreign goods. Although Vietnam
has growing industries that rely on wood and wood substitute products (such as bamboo), the
local government has set plans for growth in forest coverage, and has currently maintained recent
forest coverage despite the growing demand(Chaowana,2013).
B. Introduction
We will report the economic standing of Vietnam.
The raw material of interest will be bamboo, its versatility and growing popularity will be
reviewed.
Vietnam’s wood furniture industry success and adaptations will be reviewed.
To concluded we will recognize connections seen between our main points.
C. Body
a. Main point : The Economy in Vietnam----Candice
Since 1986, Vietnam has gradually shifted from a centrally planned economy into a
socialist-oriented market economy. The share of agriculture including forestry and fisheries to
GDP was, for example, reduced strongly from 24.53% in 2000 to 20.89% in 2005. In contrast,
the portion of industry and construction increased considerably from 36.73% to 41.03%. Vietnam
as a developed country,
exported $1.56 billion worth in wood products to the United States, a
41.2 percent increase by 2004 who then well exceeded the targeted export level of $ 1.2 billion in
2010. In the first 9 months of 2006, export turnover of furniture industry steadily increased
reaching a USD value of 1.35 billion; exhibiting a growth of 21% compared to the previous
years market period. The profit of exporting wood furniture can sustain Vietnam as well as
promote development of their industry through expansion.
