Faced with market challenges and a lack of coordination across supply and creative chains, Việt Nam’s handicraft export value in 2024 is expected to reach only US$2 billion.
About 30 Vietnamese handicraft and gift companies are promoting their products at the MEGA Show Hong Kong 2024 which is taking place in the special administrative region of China from October 20-23.
The Handicraft and Wood Industry Association of HCM City plans several measures to elevate the local industry, including increasing its self-sufficiency in the supply chain.
Leading distributors and retailers in Latin America will attend Vietnam International Sourcing in HCM City in June to look for large volumes of a diverse range of products, according to the Ministry of Industry and Trade.
Vietnamese handicraft producers are among nearly 2,600 companies from 86 countries taking part in "Artigiano in Fiera", an international craft exhibition running in Milan, Italy from December 2 to 10.
Coca-Cola Beverages Vietnam Limited (Coca-Cola Vietnam) has recently collaborated with the People''s Committee of Duyên Thái Commune, Thường Tín District, Hà Nội, to organise a training conference on e-commerce skills for local handicraft enterprises.
The Cuu Long (Mekong) Delta province of Tien Giang has established 14 handicraft cooperatives with nearly 2,000 members and d jobs for nearly 5,300 workers.
Additional measures must be taken to bring agricultural and handicraft products from mountainous and coastal provinces to cities and provinces across the country, and potentially to the international markets.
The National Private Economic Development Research Board and the Handicraft and Wood Industry Association of HCM City have launched an initiative to develop a chief information officer network for the wood and wood processing industry to foster its digital transformation.
Viet Nam’s furniture exports to the US have risen sharply in recent times, but to sustain the growth firms need to focus on complying with regulations in that market, including sustainable development norms, experts have said.
Despite the impacts of the Covid-19 pandemic, the woodworking industry increased exports of wood and forestry products by 16.4 per cent last year to US$13.17 billion.
Handicrafts are identified as one of the product groups with great export potential and high profit margin that Viet Nam needs to boost to be key export industry in the coming years.
Vietnamese wood processing companies have not made full use of the incentives on offer when exporting to Canada, an online conference heard on September 30.
The Handicraft and Wood Industry Association of HCM City said it plans several measures to add value to Viet Nam’s handicrafts and wood products, help its members further penetrate the global supply chain and enable Viet Nam to become a...