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.
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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.
