Footwear exports reach nearly US$5 billion

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.

In May only, exports of leather and footwear products were valued at US$1.15 billion, a year-on-year decrease of 0.6%.

The production of leather footwear products in May saw an 6.2% decline to 19.3 million pairs. 

footwear exports reach nearly us$5 billion hinh 0

In the January-May period, the sector produced 93.8 million pairs, down 2.9% compared to the same period last year.

This year, the sector sets a goal of US$17 billion in export value, of which US$13-US$13.5 billion are from exports of footwear.

Last year, Vietnam gained a high growth rate in export value from the leather and footwear industry at US$15 billion, an increase of 16% year-on-year, according to the Vietnam Leather and Footwear Association (Lefaso). Of the value, US$12 billion were from footwear.

VNA

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