VOV.VN - Footwear and handbag businesses have prioritized exporting their products over selling them domestically as profits are higher overseas and government incentives make it a more attractive proposition.
Leather and footwear exports in the first eight months topped US$9.64 billion, a year-on-year increase of 12.2%, according to the Ministry of Industry and Trade.
VOV.VN - Vietnamese leatherworkers and shoemakers are generally upbeat about the prospects for enhanced trade brought about by a soon to be European-Vietnam free trade agreement, says the Vietnam Leather, Footwear, and Handbags Association.
IDEA Limited Company (a subsidiary of Pou Chen Group) singed a contract to rent land in Tan Tao Industrial Zone (IZ) and they are waiting for the investment certificate to invest and build a footwear factory in this IZ in Ho Chi Minh City.
Vietnam has shipped footwear products to nearly 100 countries worldwide, with 72 of them buying at least 1 million USD of the products, reported the Vietnam Leather and Footwear Association (LEFASO).
VOV.VN - Australia has a high standard of living and a population among which there is a strong demand for quality products from Asia, North America and Europe, said speakers at a recent trade conference in Hanoi.
The Italy-Vietnam Footwear Technology Centre opened at the Lefaso Centre in the southern province of Binh Duong’s Di An District on July 12.
The 19th International Shoes and Leather Exhibition opened in Ho Chi Minh City on July 12, offering local and foreign firms in the leather industry a chance to explore business opportunities.
A conference introducing export potential of Vietnam’s garments, handbags and leather footwear to the Australia market was held in Hanoi on July 10.
Vietnam’s trade revenue is estimated at US$125.41 billion in the first four months of 2017, a year-on-year increase of 20.1%, said the General Department of Vietnam Customs.
The Mekong Delta province of Tien Giang will create optimal condition for foreign investors, particularly those from Japan, said a local official.
VOV.VN - Vietnam exporters ran a trade surplus with Canada for the first two months of the year, owing to strong sales in electronics, footwear, clothing and textiles, according to the Office of the Trade Counsellor to Canada.
VOV.VN - The US was the largest export market of Vietnam in the in the January-March period, accounting for nearly 20% of the country’s total export revenue.
Vietnam’s export revenue in the first quarter of 2017 rose 12.8 percent against the same period last year to US$43.7 billion, according to the General Statistics Office of Vietnam.
Prospects are bright for Vietnam’s footwear exports after the EU-Vietnam Free Trade Agreement comes into force in 2018.
Vietnam’s leather and footwear industry will maintain its strong growth even if the TPP does not materialise, the Vietnam Leather, Footwear and Handbag Association (Lefaso) has said.
The Vietnam Leather and Footwear Association (Lefaso) will run a leather and footwear promotion conference focusing on improving business and export capability for enterprises on March 15 in HCM City.
VOV.VN - Footwear exports have constantly increased in recent years from US$6.5 billion in 2011 to US$13 billion in 2016, according to the General Department of Vietnam Customs.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong and Austrian Ambassador to Vietnam Thomas Loidl have highlighted the development of bilateral cooperation.
Vietnam is frequently listed among the world’s top 20 footwear producers, with the Southeast Asian country now positioned among the top ten leading global footwear exporters, an industry association has said.