Home / Knowledge / News / Textiles / Handicraft industry standing at crossroads
Handicraft industry standing at crossroads
02
Dec '08
Vietnam has a very vibrant handicraft industry and the roots of the sector are spread across the country from urban to more particularly the rural areas. Infact it is the rural areas more so, which are helping in keeping alive the age old traditions in the country. Exports of handicrafts are also doing very well, thanks to these artisans. Handicraft exports in 2007 stood at US $824 million.

But the artisans are facing a very piquant situation, wherein, they are running out of raw materials for creating the exquisite handicraft products for the export markets and for which they are famous, all over the world. Added to this, is the economic crisis which is making things more difficult for the sector.

There are over 2,000 small and big villages engaged in manufacturing of handicrafts; thereby providing employment to hundreds of thousands of people. The artisans are mainly involved in creating handicrafts from cloth, wood, rattan and bamboo. The main reason for the scarcity of raw materials is that the sources for sourcing the vital raw materials are drying up.

Experts are suggesting sustainable exploitation of forests and its resources; otherwise they warn that in a few years time, there would not be any raw material of consequence left for the industry to survive. They suggest involving these rural artisans and teaching them the basic tenets of sustainability of these assets, so vital for their survival.

The other most important speed breaker coming in the further development of the sector is the availability of credit to these handicraft units and artisans. Either the banks are not willing to provide credit to these artisans, or those who have access to funds from banks have to do with high interest rates which is one of the biggest stumbling blocks in the sector multiplying at a solid growth rate.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X