Home / Knowledge / News / Textiles / Handicraft exports likely to cross $1 billion
Handicraft exports likely to cross $1 billion
26
Oct '09
Irrespective of the economic slowdown, handicraft exports of Vietnam would go beyond $1 billion in the year 2010, hoped experts, as it has recently increased by 20 percent per year. This makes handicraft products to be one of the top 10 items with the highest export growth rates.

In the year 2008, when global economic crisis struck for the first time, handicraft exports of the country reached to $1 billion in terms of value, and now, when the world economy is experiencing gradual recovery, demand for handicraft products is going up, so the export value of handicrafts would probably go beyond $1 billion, expected the expert.

Including the markets such as the US, Russia, Japan, South Korea and Taiwan, handicraft products of the country are now accessible in 163 world markets. In addition, Vietnam is in talks with the EU for a free trade agreement to have an easy access in the EU markets.

Investments in handicraft production are advantageous though exports of these products are unable to bring much revenue compared to footwear or clothing exports, said experts. For producing Vietnamese handicrafts, mainly the domestically sourced materials are being used.

As per estimates, value of the materials, needed to import for the handicraft manufacturing sector is 3-3.5 percent of its export value, while in the case of garment products it is above 20 percent.

Around 1,400 craft villages are spread out across the country offering about 70,000 job opportunities for the local people and producing almost, 300 varieties of products made of bamboo, pottery, precious stones etc.

Spontaneous and independent development of the villages and production workshops are troublesome factors for craft villages which restricted a number of handicraft producers, from accessing updated technology and expand their business, said the expert.

Apart from this, involvement of third parties in the exports of Vietnamese handicrafts is another major issue, rather than these exporters directly dealing with the importers.

Fibre2fashion News Desk - India


Must ReadView All

Uzbekistan, S Korea to launch textile techno park in Sept

Textiles | On 19th Feb 2018

Uzbekistan, S Korea to launch textile techno park in Sept

Uzbekistan and South Korea plan to launch a modern textile techno...

3 African nations may face AGOA sanctions if Mitumba banned

Apparel/Garments | On 19th Feb 2018

3 African nations may face AGOA sanctions if Mitumba banned

Rwanda, Tanzania and Uganda will face US trade penalties, including...

India’s Uttar Pradesh woos Tiruppur knitwear industrialists

Apparel/Garments | On 19th Feb 2018

India’s Uttar Pradesh woos Tiruppur knitwear industrialists

Two top Uttar Pradesh government officials visited Tamil Nadu’s...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Aditi Somani
Aditi Somani

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

February 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

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

Yes No

Active Poll

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

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

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

Yes No

Active Poll

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

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

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

Active Poll

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

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


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