In recent years, handicrafts have always been in the group of 10 export products with the largest turnover of Vietnam and the handicraft industry has played an important role in the transformation of rural economic structure. industries that attract many laborers, contributing to poverty alleviation in rural areas.
Developing the export of handicraft products, contributing to hunger eradication and poverty alleviation.
Linh Nguyen Van – Unsplash
Handicraft products of Vietnam have been present in 163 countries.
According to statistics of the Vietnam Handicraft Exporters Association, for every 1 million USD of exports of the handicraft industry, profits are 5-10 times higher than that of the mining industry; creating jobs from 3 to 5 thousand workers, the group of handicrafts is classified as a product with great export potential. In addition, the export turnover of this item brings great added value and is considered a key industry to focus on developing exports in the coming years.
Handicraft production in Vietnam is mainly based on a system of 2,556 craft villages across the country. Craft villages have created jobs for about 5.2 million rural workers. Although the handicraft industry has a low export turnover compared to many other export items, but handicrafts bring the country a source of foreign currency with a high proportion of export turnover.
Due to the fact that the production and export of handicrafts mostly exploit local raw materials and hardly depend on imported materials (estimated to account for only 3-3.5% of export value), it belongs to the source of goods. It is also an industry with high conditions for development in many regions and regions, contributing to the transformation of labor and economic structures in these places. In addition, the labor force, skilled and able to absorb new technologies quite quickly, the salary of Vietnamese workers is low compared to other countries in the region, which is also an advantage for production development. handicrafts in a diversified way and improve competitiveness.
Yiyang Jing – Unsplash
Vietnamese handicraft products have been present in 163 countries and territories around the world. The export turnover of Vietnamese handicrafts in the period 2015-2019 increased by an average of 9.5% per year, from 1.62 billion USD (2015) to 2.23 billion USD (2019). The US is the largest consumer market for Vietnamese handicraft products (with sales accounting for 35% of annual export turnover), besides markets such as Japan, the European Union (especially the US). especially Germany, UK, France, Netherlands…), Australia, Korea… Exported handicrafts mainly include 5 groups: handbags, wallets, suitcases, hats, umbrellas, umbrellas; toys, sports equipment and parts; ceramic goods; rattan, bamboo, sedge, carpet products; art wood. In addition, many fashion items and gifts have been exported on the spot through serving the shopping needs of foreign visitors to Vietnam (currently accounting for about 15% of total spending – about 15 USD/pax). . However, Vietnam’s local export market has not been strategically focused in recent times.