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Handicraft exports on preferential list
28
Feb '11
Le Ba Ngoc, Deputy Chairman of the Viet Nam Handicraft Exporters Association (Vietcraft) said that, handicraft item exports from the country are expected to go up by 12 percent to reach US$1.8 billion by close of the current year.

The government has added handicrafts to the list of export staples for the 2011-15 period. Such listed products gain from the support that the government extends for export promotion.

This has thus induced the Vietcraft official to believe that it would not be difficult for the sector to achieve the set targets.

Owing to the noteworthy contributions in raising the earnings and bringing down the poverty ratio of people in the rural areas, handicrafts have been placed on the government's preference list of key export items, for next five years.

Over 1,500 handicraft hubs across the nation, serves as a source of employment for around 70,000 people. The earnings of the craftsmen in these regions is almost three to four times higher than that of the farmers in the region.

Ngoc further stated that, Vietnam, with all its natural resources and highest number of craft villages in the region, has greater prospects for handicraft exports as compared to other countries in the region.

Counting on these benefits, Vietnam is the Asia's biggest exporter of fine arts and handicraft products, with a growth rate of 13 percent per annum in exports during recent years.

Also, Vietcraft with an intention to raise exports of handicraft items proposes to participate in international expositions and trade shows, during the year, so as to help the local handicraft exporters earn better access to the Asian markets.

Fibre2fashion News Desk - India

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