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Many handicraft orders shift to Vietnam

15/08/2014

Mr. Do Kim Lang, Deputy Director of Trade Promotion, Ministry of Industry and Trade, emphasized this point, can confirm the target export value of $ 1.6 billion in 2014 for handicraft items technology is workable, especially recently, a series of orders from Japan, China is shifting to Vietnam market.

Mr. Do Kim Lang explained, the order flow from these two markets in Vietnam is shifted due to the impact of the minimum wage policy should increase production costs in China on a high. In addition, workers do every handicraft in China fell by a large segment of employees transferred to industrial production, causing prolonged delivery time to 60 days, while Vietnam now takes only about 30 day.
Furthermore, the requirement for minimum order quantities of Chinese manufacturers high (at least 1 container) was difficult for importers, especially the imports came from Australia, Japan ... Comment on this issue, Mr. Le Ba Ngoc, General Secretary of the Association Exports Vietnam handicraft (Vietcraft) share transfer orders to Vietnam not only by the impact of the price, or the time required of orders that importers are confident in the quality of handicraft products of Vietnam Nam.Nhung recent years, enterprises have choices in the medium and high-end segments as strategic investors, competition, which has made a big change in product quality as well as the location on the map exports handicrafts that gioi.Cung says Le Ba Ngoc, the American market, the EU and Japan is still the traditional market, accounting for a large share of total exports of the sector. Besides, the firms in the industry are focused on exploiting new markets in huge block of emerging economies (BRICS) include Brazil, Russia, India, China, South Africa. Notably, block powerful BRICS emerging in recent years by the economic development of this sector is very fast and will be a potential market of handicraft industry. BRICS bloc, each year Vietnam exported $ 100 million worth of furniture products to the Chinese market, shoe exports to Russia ... To further increase exports, Mr. Le Ba Jade recommends that small businesses have to invest in a cheap segment fragile contract, loss of business meeting. Therefore, enterprises should focus on mid-market fit production capacity, raw materials, skilled workers; expand the channel of communication, transmission of ability, value and competitiveness of Vietnamese handicraft products years.Especially, this August, Vietcraft will jointly organize a business delegation to explore industry, contact of trade in the Brazilian market. However, businesses should register with the protection of creative product design, avoiding duplication to protect the economic interests of the business

 

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