Tiếng ViệtDespite global challenges and competition from China and Vietnam, Malaysia remains committed to advancing its furniture industry, specifically the Malaysia Furniture sector, along the value chain. The Deputy Prime Minister highlights the sector’s resilience, while the Agriculture Minister emphasizes the shift to modern production for sustainability. Embracing a “circular economy” and promoting digitization align with consumer preferences. MIFF, Southeast Asia’s largest furniture trade exhibition since 1995, continues to thrive, recording substantial revenue and orders in 2023. The Chairman reaffirms MIFF’s role in enhancing Malaysia’s global manufacturing status, emphasizing industry support for its success.
In spite of the decline in global demand and the competitive challenges posed by China and Vietnam, the Malaysian government is dedicated to propelling the industry forward along the value chain.
Referring to information from themalaysianinsight.com, the Deputy Prime Minister of Malaysia has stated that the Malaysian furniture sector persists in its endeavors despite strong competition from China and Vietnam and a decline in global furniture demand, particularly from major importers such as the United States. However, the government remains steadfast in its commitment to advancing the industry along the value chain.
As per the Minister of Agriculture, Plantation Industries, and Commodities in Malaysia, the transition in the industry’s evolution from conventional craftsmanship to contemporary production techniques highlights the need for integration and technological innovation. Consequently, the utilization of technology, mechanization, and automation is set to enhance production efficiency, decrease expenses, assure quality, and decrease reliance on foreign labor, in line with sustainable goals.
Shifting towards a “circular economy” not only guarantees sustainability but also meets the preferences of environmentally and socially conscious consumers. Thus, promoting the adoption of digitization and technology among the younger generation can inject additional impetus into the industry by amalgamating traditional methods with innovation.
MIFF stands as the foremost and largest export-focused furniture trade exhibition in Southeast Asia, presenting an array of wooden furniture, household furnishings, and office furniture produced in Malaysia.
Since 1995, MIFF has functioned as an inclusive platform, connecting a diverse community with more than 20,000 buyers from 140 countries and regions. Throughout its history, MIFF has generated a revenue of USD 18.4 billion. Notably, in 2023, it registered a noteworthy order value of USD 1.21 billion, reflecting a 19% increase compared to the pre-pandemic period.
At the same time, the chairman and founder of MIFF asserted that MIFF will persist in its pivotal role in bolstering Malaysia’s furniture exports, aiming to fortify the country’s status as a global manufacturing hub.
Presently, MIFF holds a position among the top 10 furniture trade exhibitions worldwide and serves as the largest exhibition in Southeast Asia. It is important to emphasize that MIFF’s current standing would not have been possible without the backing of the Malaysian furniture industry.
Source: goviet.org.vn
