Handicraft exports likely to rise 12%

Exports of handicraft products would likely reach US$1.8 billion this year, up 12 per cent over last year, said deputy chairman of the Viet Nam Handicraft Exporters Association (Vietcraft) Le Ba Ngoc.

The Government has listed handicrafts as one of the country’s export staples during the 2011-15 period, leading Ngoc to believe the industry would easily meet the target.

Products placed on the list of export staples benefit from the Government support to boost exports.

Handicrafts have been prioritised as key export items for the next five years because they have made significant contributions to increasing incomes and reducing poverty in rural areas.

According to the Ministry of Agriculture and Rural Development, more than 1,500 handicraft villages nationwide employ roughly 70,000 workers. Income earned by craftsmen triples or quadruples that of farmers.

Viet Nam had high potential for handicrafts exports in comparison with other regional countries due to its natural resources and in fact, Viet Nam had one of the region’s highest numbers of craft villages, Ngoc said.

With these advantages, Viet Nam is one of the largest exporters of fine art and handicraft items in Asia, with an annual average export growth of 13 per cent in recent years.

Vietnamese fine art and handicraft products are currently being exported to 163 countries and territories. Europe, ASEAN, the US, Australia, China, India, Malaysia, Germany and Ukraine are some of the key export markets for Vietnamese handicraft exports such as handbags, umbrellas, hats, bamboo, porcelain, rattan, pottery and wooden goods.

To boost exports, Vietcraft has also planned to help domestic handicraft exporters gain better access to these markets this year by participating in international fairs and expos.

In April, Vietcraft would hold one of the largest home decor and gift fairs in Southeast Asia, LifeStyle Viet Nam 2011. The event would feature more than 1,000 booths from Vietnamese and overseas exhibitors and was expected to attract roughly 2,000 importers, Ngoc said.

However, he admitted the industry still faced a number of difficulties such as a limited number of designs, poor corporate governance and small handicraft firms that might not have the capacity to win large contracts.

To help the industry develop more effectively, Vietcraft would set up a design centre to develop handicraft products, Ngoc said.

Besides offering credit at preferential interest rates to help craft villages, especially in production using natural materials, the agriculture ministry has also helped craftsmen upgrade their skills through training. — VNS

Tags:

Posted by VBN on Feb 24 2011. Filed under Handicraft. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • Copper up, but demand jitters cap gains
  • Gold prices fall 1 percent, silver was down 0.5 percent at $41.40 an ounce
  • Gold price in Hong Kong opens at 17,440 HK dollars per tael on Wednesday
  • Gold sheds 3 pc in choppiest day in two weeks
  • Appliance retailers eye shopping fest to boost sales
  • Stock break four-day losing streak
  • Swedish auto maker Saab files for bankruptcy protection
  • Chinese tourists to Sri Lanka almost double

Sponsored

Looking for an overseas forex broker?