Vietnam building materials suppliers expect significant sales growth in 2011; Over 70 percent to hold quotes to boost sales26 Apr 2011 • by Natalie Aster
HO CHI MINH – Vietnam’s building materials suppliers are gearing up for robust sales growth in 2011 as overseas demand picks up, according to “Sourcing Report: Vietnam - Building Materials” by Global Sources. The report covers profiles of 35 manufacturers, plus descriptions, prices and packaging details for 98 best-selling export products. These include tiles, bricks, doors, windows, paneling, framework, flooring and roofing.
To attract more buyers, 71 percent of makers plan to maintain export prices in the next six months. This will be aided by the domestic abundance of raw materials.
“Vietnam’s building materials suppliers are confident of seeing export sales increase by at least 10 percent over the next 12 months,” said Khiem Vu, program manager of the Developing Country Export Assistance Program. “This is due mainly to the abundant supplies of stone, clay and wood for producing tiles, bricks, paneling and flooring.
“In fact, Vietnam is home to more than 2,000 stone and mineral quarries and a number of sustainable wood and bamboo plantations. This allows the local exporters to offer more competitive prices, compared to the rising cost in China.”
Sourcing Report: Vietnam - Building Materials
Published: February 2011
Price: US$ 100.00
Survey results outline supplier capacity, product developments, target market and more
“Total annual export sales of featured suppliers reach more than $66 million,” Vu said. “They employ more than 8,000 full-time workers, and utilize more than 85 percent of capacity.”
In addition to industry overview and prices forecasts, the report offers survey results from featured suppliers. High-level results show:
- Tiles and bricks account for half of total output, while flooring takes up 30 percent;
- 40 percent will release more decorative designs with others relying on eco-friendly materials;
- 45 percent will target the Asia Pacific market; and
- 25 percent who plan to raise quotes will keep increases to within five percent.
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