Handicraft exports to hit US$1.6 bln in 2013
Vietnam’s export of handicraft products in 2013 is estimated at US$1.5 or 1.6 billion, equal to last year’s figure and about 1.5 percent of the global market share, according to the Import-Export Department of the Ministry of Industry and Trade.
Domestic producers and exporters are urged to seek new outlets in the emerging markets of Brazil, Russia, India and China, along with traditional markets, namely the US, EU and Japan.
Experts said local businesses should apply modern technology in handicraft production for a higher output of premium products having additional designs.
They should also create conventional design to meet current trends.
With Government support, they should form a group of qualified designers and market researchers as a driving force behind the business.