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.
VOV.VN - Currently, Vietnam ranks fifth among top ten exporters of bags and suitcases in the world, accounting for 5.4% the global supply, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
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).
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.
With Vietnam’s economy slowing down in the first quarter, the government has requested that state-run corporations and associations pull out all the stops to help the country achieve the full-year GDP growth target.
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.
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.
Many Vietnamese leather and footwear firms have been implementing new production and business strategies to seize opportunities offered by free trade agreements (FTAs), especially a deal between the country and the Eurasia Economic Union (EAEU) which took effect last month.
Representatives from public private partnerships (PPP) in apparel and footwear on October 27 signed a co-operation agreement for the two sectors’ sustainable development in Vietnam.
The 20th Vietnam International Fashion Fair (VIFF) 2016 is set to take place from December 22-26 at the International Centre of Exhibition, 91 Tran Hung Dao, Hanoi.
VOV.VN - Most everyone that travels to Vietnam is initially struck by the similarities in the larger cities to Western metropolitan life.
Footwear is a big industry of Vietnam, considered a ‘foreign currency earner’ thanks to high exports every year.
The Ministry of Trade and Industry (MoIT) is urging local footwear makers to further invest in support industries instead of depending excessively on imported raw materials and losing out on profits and competitiveness.
The leather and footwear sector’s exports reached nearly US$5 billion in the first five months of this year, up 6% against the same period last year, according to the Ministry of Industry and Trade.
Vietnam is a big footwear exporter, but many Vietnamese do not wear domestically made shoes.
The garment-textile and leather-footwear sectors brought in US$10.5 billion from exports in the first four months of this year.
VOV.VN - The US has become the biggest importer of Vietnam’s footwear products with an import revenue of nearly US$4.1 billion, accounting for 33.9% of the country’s total footwear export value, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Vietnam is considered the country to reap the most benefit in apparel, footwear, agro-forestry and seafood exports from the Trans-Pacific Partnership (TPP) agreement, said the Vietnam Leather and Footwear Association (Lefaso).
VOV.VN -Exports of footwear and related items showed robust development for 2015, said speakers at a recent meeting of the Vietnam Leather, Footwear and Handbag Association (Lefaso) in Hanoi.