According to the Vietnam News Agency, the latest statistics from the General Administration of Customs of Vietnam show that the export value of Vietnam's timber and wood products is expected to reach US$15.8 billion in 2022, a year-on-year increase of 6.7%. Meanwhile, Vietnam's imports of lumber and wood products rose 4.1 percent to $2.8 billion. The trade surplus is expected to be $14.1 billion, up 6.5 percent from last year. In the past three years, the epidemic and global value-added turmoil have severely impacted the furniture supply chain. However, under the background of shortage of raw material supply, rising logistics costs, and labor shortage, the export data of Vietnam's furniture industry still maintains a growth trend. According to the statistics of the Vietnam Forestry Administration, the export growth of timber and wood products has been increasing for more than 20 consecutive years, from 220 million US dollars in 2000 to 15.8 billion US dollars in 2022, and it is also a growth that does not exist in any domestic industry in Vietnam. Pei Zhengyi, director of the Vietnam Forestry Administration, said that since 2022, the global timber market has been affected by the epidemic and the Russia-Ukraine incident. Compared with the performance in the first half of the year, the Vietnamese timber market will go through a difficult time in the second half of the year. Rising global inflation has negatively impacted orders for Vietnam's furniture industry in the final months of 2022, putting exporters in a critical situation. However, with the joint efforts of companies in the industry, the industry is gradually approaching the goal set at the beginning of 2022. In the first 11 months of this year, Vietnam's timber and wood products exports were worth about US$14.6 billion, up 9 percent year-on-year. In November, the monthly export volume was US$1.1 billion, a year-on-year decrease of 14.6%. Exports fell further in December, pulling annual growth back to 6.7 percent. It is worth mentioning that during this year, the European Union, the United States, China, Japan and South Korea, with an export value of US$155, accounted for more than 90% of the total and remained Vietnam's main export markets. Relying on the achievements made in 2022, for the coming 2023, Pei Zhengyi said that the forestry output value will increase by 5-5.5% this year to 17.5 billion US dollars.

The national building materials and household prosperity index BHI was 88.93 in December, up 2.41 points month-on-month and down 34.30 points year-on-year. The December sales of building materials and home furnishing stores above designated size nationwide were 71.825 billion yuan, an increase of 18% month-on-month and a year-on-year decrease of 39.91%; the cumulative sales for the whole year of 2022 were 1,161.076 billion yuan, a year-on-year decrease of 1.39%.

The value-added tax invoice data released by the State Administration of Taxation shows that during the Spring Festival holiday in 2023, the sales revenue of consumption-related industries across the country will increase by 12.2% compared with the Spring Festival holiday of the previous year, and an average annual increase of 12.4% over the Spring Festival holiday in 2019, maintaining a steady growth overall. Among them, the consumption of household upgrade products grew rapidly, and the sales revenue of furniture and hardware increased by 15.2% and 8.6% year-on-year respectively, which was an average annual increase of 9.9% and 19.4% respectively compared with the Spring Festival holiday in 2019.

Recently, the major data of the home furnishing industry in 2022 have been released. According to data from the National Bureau of Statistics, the total retail sales of furniture in the country will be 163.5 billion yuan in 2022, a year-on-year decrease of 7.5%. From the perspective of major financial indicators, the operating income of the national furniture manufacturing industry in 2022 will be 762.41 billion yuan, a year-on-year decrease of 8.1%; operating costs will be 631.35 billion yuan, a year-on-year decrease of 8.4%; the total profit will be 47.12 billion yuan, a year-on-year increase of 7.9%. In terms of store sales, the cumulative sales of building materials and home furnishing stores above designated size nationwide in 2022 will be 1,161.076 billion yuan, a year-on-year decrease of 1.39%. In terms of export trade, the national furniture and its parts exports in 2022 will be 463.93 billion yuan, a year-on-year decrease of 2.5%.

According to news on February 3, according to the survey report of Piper Sandler, an American investment institution, the retail sales of mattresses in the United States will drop by 6% in 2022. Among them, sales of spring mattresses fell 9%, sales of hybrid mattresses rose 9%, while sales of foam mattresses fell 7%.

Recently, it has been reported that the China Securities Regulatory Commission has clarified the industry requirements for companies applying for the main board, and draws a line between the prohibited, restricted, permitted and supported listing categories. According to the review rules circulated on the Internet, the listing of traditional industries such as food, furniture, and home appliances will be restricted. According to incomplete statistics from 77 Degrees, in 2022, more than 40 home furnishing companies are hitting the A-share IPO, including Kefan Home Furnishing, Schneiman Home Furnishing, Tucson Custom Home Furnishing, Marg Home Furnishing, Huangpai Home Furnishing, Higold Home Furnishing, Zhiou Home furnishing, Continental Creative Home, New Pearl and other companies, the implementation of the new policy may have an impact on the listing of these companies.

March 8th is International Women's Day. Today, the boss of our company invited all the female colleagues in our office to drink coffee and milk tea. What a happy day!

On December 30, the Japanese lifestyle brand MUJI announced on its official website that it will adjust the prices of some products on January 13 and February 3, with an average price increase of 25%. Items that have increased in price include large furniture, plastic lockers, linen products such as bedding, and food.

According to the announcement, from January 1, 2022 to December 31, 2022, Sophia expects the net profit attributable to shareholders of listed companies to be 950 million to 1.1 billion yuan, an increase of 675.03% to 797.41% over the same period last year. For a profit of 123 million yuan. In 2021, the operating income will be 10.407 billion yuan. It is expected that the operating income in 2022 will increase by 520 million to 1.04 billion yuan compared with the same period of the previous year, an increase of 5% to 10% over the same period of the previous year.

Samsung is betting on its new strategy of creating connected experiences and "bringing calm to the connected world" to enable seamless smart home connectivity. Samsung plans to bring SmartThings technology to thousands of devices developed by other OEMs. More than 300 companies will soon adopt SmartThings technology. At the same time, about 3,000 different categories of smart home devices, including air conditioners, smart door locks and lights, home appliances, automatic blinds, etc., will all support the SmartThings platform.