Shifting winds: From Ho Chi Minh City to Hanoi
Ho Chi Minh City is the latest Southeast Asian hub to attract investments from international investors, but the wind is slowly shifting to Hanoi, where skilled labour and raw materials are still abundant. Moreover, there are plans to consolidate and convert the many local wood processing businesses in the north – mostly family-run microbusinesses– into business units, said Ngo Sy Hoai, Vice Secretary General of VIFORES.
Woodsland: Achieving Excellence through Stability
Woodsland Joint Stock Company may be a company with a yearly turnover of US$70 million and 3000 workers, but its owner, Vu Hai Bang, cuts a humble figure. Panels & Furniture Asia had the chance to visit the biggest of his five factories based in Hanoi; the four others are located nearby in the same Quang Minh Industrial Zone. This factory fulfils orders from IKEA, specifically tables, table tops and wood crafted kitchen items such as cheeseboards and spice grinders. Using acacia from local plantations, this Woodsland factory produces an impressive 6000 to 8000 tables and tabletops per week. It helped that Woodsland started coating IKEA’s premium tabletops using its new Bϋrkle Roller Coater UV Finishing Line to achieve the perfect coating since February 2019.
Minimalism with a touch of luxury
Dialoog Banyuwangi is a minimalist hotel with a touch of luxury, exemplified by the generous use of Red Grandis, an elegant, high-quality solid wood. This is the first time Red Grandis is used in a large-scale project in Indonesia.