Vietnam is a country producing handicrafts present in 163 countries and territories around the world. This is a great driving force for this field to develop in the international market and soon achieve the expectation of reaching a turnover of 4 billion USD in the next 5 years.
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The current situation of handicrafts market
The handicraft industry is expected to reach an export turnover of 4 billion USD in the next 5 years. Although Covid-19 has had a significant impact on the country's economy and the export of many products, in the first 7 months of 2020 the handicraft sector still showed steady growth. In which, increased by 3.4% over the same period in 2019 for ceramic products, reaching 309 million USD; increased by 10.8% over the same period in 2019 for bamboo, sedge and carpet products, reaching 250 million USD; increased 11% over the same period in 2019 for handmade textiles, reaching $90.
Currently, Vietnam's handicraft industry has great potential for development with an abundant labor force, especially the leisure labor force, people who have reached the end of their working age, people returning from industrial zones and those returning from industrial zones. People with disabilities in rural areas. This industry has generated income for more than 2.3 million workers, contributing to the shift of labor structure in the direction from low income to higher income. The income level of workers with occupations is 2 to 3 times higher than that of workers who are purely agricultural. At the same time, the rate of poor households in the area with occupations is much lower than the poverty rate in the country.
Consumption trend is increasingly moving towards environmentally friendly products, in which those products are derived from natural materials such as rattan, bamboo, sedge, water hyacinth... that Vietnam has advantages and conditions to develop
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Recently, the export growth of major importing countries in the world such as the US and the European Union has imposed higher tariff barriers on Chinese products. In particular, the creative potential of artisans and skilled workers in Vietnam's craft villages is huge and many have been recognized by the world. This is a great opportunity for Vietnam to expand its market and strongly develop its industry.
Along with increased demand in the international market, tax reductions from free trade agreements and measures to strengthen the capacity of exporting enterprises, improve product designs, enhance industrial Trade promotion, international standards... are expected to boost Vietnam's handicraft export growth of over 12%/year, export turnover can reach 4 billion USD by 2025.
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