VOV.VN - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has made an important contribution to expanding the export of Vietnamese goods to the Americas, which boasts great potential for future growth.

In September, the export value of footwear reduced 44% on-year to $700 million, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Recent rumours spreading on social media on Nike’s moving production out of Vietnam to China and Indonesia are incorrect, stated Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso).

Vietnam’s garment-textile and footwear have borne the brunt of COVID-19 and firms in the sectors may take a long time to recover, experts said.

VOV.VN - The ongoing wave of the COVID-19 pandemic has affected the supply chain of local export industries, including garments and textiles, and footwear, if no solution is found soon to help businesses overcome their difficulties, many face the risk of orders being halted or cancelled.

Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11% year-on-year to US$19.5 billion in 2020, making it one of the sectors hardest hit by COVID-19.

VOV.VN - The nation’s export of leather, footwear, and bag products last year reached US$20 billion, representing a decline of 10% compared to figures from 2019 due to a drop in the number of export orders in major markets, according to statistics released by the Vietnam Leather and Footwear Association (Lefaso).

VOV.VN - Vietnam's participation in new-generation free trade agreements (FTAs) is anticipated to provide fresh impetus for greater co-operation in the fashion industry with the Netherlands, according to insiders.

Vietnam's leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

The leather and footwear industry is finding new supply and demand sources to overcome difficulties due to the impact of the COVID-19 pandemic.