Business

Sustainable markets for Binh Dinh incense sticks

Incense makers in the central province of Binh Dinh have gained sustainable market shares in India and some Southeast Asian countries, adding more value to the local handicraft sector.
Incense makers in the central province of Binh Dinh have gainedsustainable market shares in India and some Southeast Asian countries,adding more value to the local handicraft sector.

The Bao Vyproduction workshop in Go Da Trang industrial complex manufactures 30tonnes of incense sticks for export each day, making it one of thelargest incense export contributors.

Nguyen MinhNhut, owner of the Bao Vy business, said that each container of incenseis sold for 500 million VND (23,800 USD), highlighting that India is thekey market for the commodity.

Each labourer can produce hundredsof kilograms of incense sticks each day with the support of modernincense-making machines, he added.

Due toincense-making machine exports, other foreign enterprises are enlargingtheir operations, raising competition for Vietnamese exporters. Themarket for Vietnamese incense products is still buoyant, however,creating opportunities for local businesses to foster protectivemeasures.

According to the provincial Department of Industryand Trade, Binh Dinh has already generated nearly 700,000 USD fromexporting incense from the outset of this year. It earned a total 6.7million USD from the product in 2014.-VNA
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