Office furniture in Vietnam is facing the opportunity to become a great minh when FDI increases sharply. Thanks to the policy of attracting foreign capital from the Government. Recently, the flow of foreign investment into our country has increased dramatically. This is a thousand-year opportunity that domestic furniture businesses can seize. The opportunity will also be a big challenge, with PROCE taking some time to analyze this.
Office furniture What does domestic benefit from when FDI increases sharply
With an attractive investment collection policy and the policy of reopening the economy after covid-19. At the beginning of 2022, FDI inflows into our country reached 2.1 billion USD. This is a great number when it is 4.2% compared to the same period in 2021. This result is a signal that there will be more FDI inflows into Vietnam. This capital flows into the fields of production, manufacturing, processing. Specifically, multinational enterprises are investing in building many factories in the south.
Accompanying the factory is the executive department, office. Foreign businesses are also very aggressive in investing in office infrastructure. Office furniture in Vietnam will receive a large increase in purchases along with DFI capital inflows. This is an opportunity for furniture companies to become able to turn themselves after the epidemic. However, the opportunity always comes with challenges and challenges this time is as great as the opportunity it brings.
Office furniture in the country faces great challenges
Other than the thinking of domestic enterprises is delicious and cheap savings when choosing to buy furniture or design. Foreign enterprises pay great attention to the quality and aesthetics of the workspace. They recognize the role of the office. As well as the advantages if investing in the workspace. Therefore, their requirements for interiors are something that domestic furniture is difficult to distribute.
Domestic companies have previously only specialized in products suitable to Vietnamese tastes. The product line has the maximum cost savings – cheap. And of course, cheap can’t last. In recent years, due to the impact of the epidemic, the needs and role of the office have changed. Vietnamese people have access to the concepts of ergonomics, high quality of long-term use. But there are also very few furniture companies in the country that can offer this product line.
In addition to the problem of loose furniture, the design of space tectonics is also a difficult problem. It comes from the idea that the office is just a place to work. So when designing the office only focuses on the functionality and interior layout so much. This is completely different from the needs of FDI companies. For them, the workspace has to bring even more meaning.
How to benefit from the sharp increase in FDI?
This question is also a common question of other professions. For domestic office furniture companies, the challenge is even greater. To be able to benefit from the sharp increase in FDI inflows these companies need to change themselves. Changing product structure, changing design thinking, etc. However, this change will not be simple.
With a pioneering unit bringing high-end office furniture to Vietnam. There is a wealth of experience when over the past 10 years have implemented a series of projects for FDI. PROCE understands that without passion, without sufficient capacity, it is very difficult. Because this classy product line needs to understand it, it is necessary to have an experience of it. Just as it takes superior creativity and a whole arduous journey to create sweet fruit.
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