Philippine-based furniture makers lose ground to Vietnam

A report from Philippine online news source INQ7.net states what has become painfully obvious to many Philippine furniture makers: Vietnam has eclipsed their market share in a relatively short time. According to the report, Vietnam’s share of the global furniture market rose to 0.78% in 2005, compared to the Philippine’s 0.54% market share. China far eclipses both markets, with 11.9%, the report