HCM City to host 22nd International Shoe & Leather Exhibition
VOV.VN - The 22nd International Shoe & Leather Exhibition – Vietnam will get underway in Ho Chi Minh City from November 16 to 18, with the participation of several of the world’s famous brands in the leather - shoemaking industry.
On display will be a range of cutting-edge equipment and technologies used in the industry from Italy, Germany, the Republic of Korea, China, Argentina, and Vietnam.
The event is anticipated to provide an ideal platform for local and foreign businesses to introduce their products, seek potential partners, promote exports, and expand markets, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
The country’s total export turnover of leather, shoes, and handbags increased by over 36% during the initial 10 months of the year, with the strongest growth recorded in South America at 47.8%, North America at 41.8%, Europe at 41%, Oceania at 28.3%, and Asia at 20.2%, reports LEFASO.
Vietnamese leather and footwear exports to markets under the Vietnam-EU Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the UK-Vietnam Free Trade Agreement (UKVFTA), and ASEAN also witnessed impressive growth of 43.9%, 39.8%, 36.8%, and 45.4%, respectively.
Industry insiders pointed out that the domestic supply rate of the leather and footwear industry is anticipated to reach between 75% and 80% by 2025, with high value-added products for production and export activities.
The outcomes of the fair are expected to provide fresh impetus to the recovery of local businesses moving into the post-pandemic period, whilst maintaining growth for the entire industry moving forward.
