A BILLION-DOLLAR INDUSTRY SPRINGS FORWARD
A BILLION-DOLLAR INDUSTRY SPRINGS FORWARD
Based on the statistics from the Vietnam Handicraft Exporters Association, for every 1 million USD of the handicraft industry exports, the received profit is 5-10 times higher than that of the mining industry. It helps create jobs for 3-5 thousand workers and listed in the group that has a great export potential with high profit rate. In which, items woven from natural plant fiber (seagrass, water hyacinth, rattan and wood,…) are in the top 5 main export handicrafts. Moreover, their export turnover delivers a high growth value and is considered as the key industry to focus on improving export activities in the upcoming years. Ambitiously, the industry strives to achieve an export turnover of 5 billion USD by 2025.
At each trade fair in foreign countries, Vietnamese enterprises have directly connected with an average of about 500 customers from other countries around the world with many potential customers who have been buying goods in the region.
The Ministry of Industry and Trade, however, believes that Vietnam’s process of international economic integration is opening up many opportunities and challenges for Vietnamese handicraft enterprises. Therefore, in order for this industry to reach out widely to the world, it needs to determine the strategic direction of export in the 2021-2025 period.
As for Orient Handicraft, we are doing our best to contribute more to the country’s economy by working to find solutions for sustainable development of the handicraft industry such as increasing our product’s value and quality; expanding our network through offline trade fairs & online marketing where you will see more of us in the near future; enhancing international standardization to meet many other market segments. Our vision is to provide you the best quality merchandises as well as the most outstanding service with a hope that we can satisfy your taste.
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