.: SOURCING DIVISION

Since our recent establishment, Timas has become recognized as a reliable supplier of Wood & Coatings for the furniture industry in Southern Vietnam. We work closely with our customers and understand the various sectors of the furniture industry, as well as each factory's capacity, production line, knowledge which we can rely on to provide you turn-key solutions for accessing Vietnam's market.

Why Vietnam?

Vietnam offers outstanding business opportunities with key advantages over rival Asian countries:

1. Vietnam maintains some of the lowest labor rates in the world (lower than China).

2. Normal Trade Relations with Vietnam (NTR, formerly known as Most Favored Nation status), resulted in numerous U.S. companies diversifying their manufacturing operations from China, who have had significant tariffs imposed for anti-competitive dumping practices.

3. U.S. direct foreign investment in Vietnam topped $1 billion in 2004, representing over 140 projects (100% foreign investment licenses are available in most manufacturing sectors).

4. Most factories in Vietnam do not require large volume orders and produce higher quality products as compared to other Asian countries.

5. Vietnam has a GDP growth rate of 7.5% annually (population of 84 million with a 95% literacy rate).