Vietnamese wood and furniture products are expected to grow in 2022 due to the purchasing demand of the international market along with meeting necessary factors in Free Trade Agreements.

Vietnam exported $7.4 billion worth of furniture to the U.S. last year, compared to China’s $7.33 billion, according to data from U.S. magazine Furniture Today. This marked a 31 percent year-on-year surge for Vietnam, while that of China fell 25 percent.

Vietnam and Taiwan again exceeded the U.S. Treasury's thresholds for possible currency manipulation and enhanced analysis under a 2015 trade law, but the department on Friday refrained from formally branding them as manipulators.

For the first time, Vietnam's share of world footwear exports has surpassed 10 per cent with 1.23 billion pairs of shoes exported in 2020, according to data by World Footwear Yearbook 2021. Specifically, Vietnam ranks second in the world in terms of footwear exports.