Over 700 leather and shoe exhibitors from Vietnam and 26 countries and territories worldwide will be displaying their products at two exhibitions on leather, footwear, and the sewing machine industry, which opened in Ho Chi Minh City on July 11.
VOV.VN - The leather and footwear sector has not developed its support industry despite huge export value.
Major brands in the footwear industry are shifting their outsourced work to Vietnam instead of China, but experts doubt this will be a good thing in the long run.
Global footwear brands like Adidas, Nike and Puma are increasingly turning to Vietnam for their manufacturing needs due to its affordable labour costs and free trade agreements.
In the face of potential US tariffs on Chinese-made shoes, numerous world-famous shoe and handbag manufacturers are mulling over shifting sourcing to Vietnam.
Despite challenges, Vietnam’s leather and footwear sector will still have a competitive edge for the next two decades, according to Deputy Chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO) Diep Thanh Kiet.
VOV.VN - Plenty of favourable factors in 2018 are seen as a boon for the footwear sector to get more orders, increase export market shares, and achieve set targets, according to the Vietnam Leather, Footwear, and Handbag Association (Lefaso).
Skechers USA, a major footwear maker based in California, is studying a plan to invest in Vietnam in a project that probably needs 20,000 workers. The project marks a good start for the local footwear industry after a slowdown in 2017.
The leather-footwear industry expects a good year in 2018 thanks to several favourable factors, according to Secretary General of the Vietnam Leather, Footwear and Handbag Association (LEFASO) Phan Thi Thanh Xuan.
Foreign capital flow in the footwear industry is expected to rebound this year after a slowdown in 2017, with the anticipated arrival of a major US player.
Vietnam exported over one billion pairs out of 23 billion pairs of shoes sold worldwide in 2017, continuing to maintain the second position (after China) in shoes export.
VOV.VN - Vietnam aims to earn between US$19.5 - 20 billion from leather and footwear exports in 2018, up 10% from 2017, according to a conference in January 12.
A dramatic change in market trends and the "fourth" industrial revolution are forcing Vietnamese enterprises to gradually apply new technologies to production.
VOV.VN - Vietnam International Fashion Fair (VIFF) 2017 is set to take place at the International Centre of Exhibition, 91 Tran Hung Dao, Hanoi from December 22-26.
Vietnamese leather and footwear exporters must comply with the EU-Vietnam free trade agreement’s rules of origin and be prepared to deal with EU barriers and anti-dumping measures, speakers said at a seminar held in Ho Chi Minh City on November 17.
VOV.VN - Footwear and handbag businesses have prioritized exporting their products over selling them domestically as profits are higher overseas and government incentives make it a more attractive proposition.
VOV.VN - Currently, Vietnam ranks fifth among top ten exporters of bags and suitcases in the world, accounting for 5.4% the global supply, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Vietnam has shipped footwear products to nearly 100 countries worldwide, with 72 of them buying at least 1 million USD of the products, reported the Vietnam Leather and Footwear Association (LEFASO).
The 19th International Shoes and Leather Exhibition opened in Ho Chi Minh City on July 12, offering local and foreign firms in the leather industry a chance to explore business opportunities.
With Vietnam’s economy slowing down in the first quarter, the government has requested that state-run corporations and associations pull out all the stops to help the country achieve the full-year GDP growth target.