Indian market

Many Vietnamese incense exporters have recently fallen into a fidgety position after the Indian Government made a decision to limit the import of incense materials from Vietnam. The damage is not small when India is the most significant export market for incense sticks almost exclusively of Vietnam. But worth mentioning, while the decision of the Indian government is supposed to promote the domestic manufacturing industry, many Indian businesses are voicing their opposition to this move.

Fatigue and anxiety are the common mood of many Indian incense businesses. They invited the Vietnamese business to witness the thirst for incense and incense materials from Vietnam. Fever increases as the Diwali festival season, the biggest traditional festival of the year for Indians, has increased demand for special incense.

By many ways, Indian businesses are looking to the Vietnamese Embassy, ​​hoping to cooperate and urge the Indian government to withdraw the restriction order. Currently, 90% of imported incense is from Vietnam. A limited and effective decision immediately caused many businesses to fail.

The recent trend of trade protectionism is emerging to compete with the trend of globalization. However, the main movement of Indian businesses to lift the decision to limit the import of incense from Vietnam is giving Vietnamese businesses a clearer sense of protecting their competitive advantages. , as well as how to build a mechanism to interweave benefits with local businesses, instead of the current psychology of buying and selling.