VOV.VN - Vietnam currently ranks third in the world in footwear production and second in global footwear exports, trailing only China, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Several leading footwear companies in Vietnam have secured contracts extending through mid-2025, according to Phan Thi Thanh Xuan, vice chairwoman and general secretary of the Vietnam Leather, Footwear, and Handbag Association (LEFASO).

Vietnam's footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a US$3 billion increase from the previous year, as the country has well capitalised on the signed free trade agreements to bolster shipment.

A series of events were held in Ho Chi Minh City from July 10-12 to promote trade exchanges among leather and footwear businesses of Vietnam and Italy.

2024 will continue to be a challenging year for the leather and footwear industry but there are still many prospects to increase exports this year, according to Vice President and General Secretary of the Vietnam Leather, Footwear and Handbag Association (Lefaso) Phan Thi Thanh Xuan.

VOV.VN - In January footwear was among seven product groups to record an export turnover of over US$1 billion, indicating that the expected signs of improvement are gradually coming to fruition.

A delegation from the Vietnam Textile and Apparel Association (VITAS) and the Vietnam Leather, Footwear and Handbag Association (LEFASO) joined the 16th edition of the Sourcing at Magic (Magic Show) in the US city of Las Vegas from August 7-9, with 20 stalls.

VOV.VN - The 23rd International Shoe & Leather Exhibition – Vietnam opened on July 12 in Ho Chi Minh City, with the event attracting the participation of hundreds of businesses from various countries around the globe.

VOV.VN - The success of the nation’s trade activities last year has served to create greater momentum for 2023 and the years ahead, particularly as local enterprises have moved to enhance their internal strength along with receiving additional support from the State.

VOV.VN - The leather and footwear industry is striving to achieve US$27 billion in export turnover this year, an increase of roughly 10% compared to the previous year amid shrinking major markets and falling demand.