Home / Knowledge / News / Textiles / Favourable policies can help handicraft exports grow
Favourable policies can help handicraft exports grow
Feb '09
The handicraft industry is one of the vital sectors in the economy of Vietnam. Exports from the sector touched US $1 billion last year, and thereby contributed strongly to the national economy. More than this, the sector provides employment to millions of people, particularly to people from rural areas, who would not have alternative sources of employment.

According to the Deputy Chairman of the Handicraft and Wood Industry Association of HCM city, Mr Hung, all the handicraft products are made from locally produced and indigenous raw materials and are not dependent on imports, which lead to higher profit margins when compared to other products like apparels and footwear, which have high import content.

The industry employs around 13 million people and is the largest employment generator from among all sectors and in the process provides employment to rural people, who do not need to depend on agriculture for a living. The handicraft sector has also helped in increasing the per capita income of people from the rural areas.

Mr Hung suggests that, it is the correct time to bring forth the required changes in the industry to improve its competitiveness and has requested the government to help the sector by organizing global exhibitions and create policies, favourable to the industry. He has also suggested restructuring the handicraft villages if it helps the cause.

He lamented the fact that the handicrafts sector was not able to keep up with ever changing trends and was sticking to outdated mores in design, product quality and packaging. Poor infrastructure and management constraints, he said, was also responsible for craftsmen or companies not being able to fulfill large orders.

So, he concluded by saying that, the handicraft sector was in a position to provide better margins, along with a saving on outgo of precious foreign exchange and had the capability to grow even in this period of severe global economic recession, subject to the government helping the industry with favourable policies.

Fibre2fashion News Desk - India

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

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


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

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