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Surge in Vietnamese handicraft exports
09
Apr '10
This year, as the exports are on a rise, the handicraft enterprises and co-operatives are feeling positive, as regards the growth prospective of the industry.

A handicraft export company in HCM City has entered into export agreements with two of its affiliates in Australia and New Zealand. As per the agreement, the company will export eight containers of handicrafts made from water hyacinth, to its overseas affiliates.

Moreover, not only have its existing overseas importers amplified their demands but the company is also negotiating with its other affiliates in Spain, Egypt, Japan and Estonia.

According to experts, the export contracts signed by the company so far are enough to keep the company's hands full, during the first half of the current fiscal.

The fine arts and handicraft industry, which during the last few years, has registered an annual export growth rate of 20 percent, this year, intends to achieve a turnover target of $1.5 billion, so as to match the government target figures.

However, experts opine that, in order to attain the target, it is essential that the zoning of raw material areas, human resources and trade promotions undergo a significant modification.

Ministry of Industry and Trade stated that, during 2009, despite the global economic downturn, handicraft exports were valued at around $1 billion.

Fine arts and handicraft products are exported by Vietnam to over 163 countries and territories, the world over.

Fibre2Fashion News Desk - India

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