Vietnam’s leather and footwear industry will maintain its strong growth even if the TPP does not materialise, the Vietnam Leather, Footwear and Handbag Association (Lefaso) has said.
Vietnam is frequently listed among the world’s top 20 footwear producers, with the Southeast Asian country now positioned among the top ten leading global footwear exporters, an industry association has said.
Many Vietnamese leather and footwear firms have been implementing new production and business strategies to seize opportunities offered by free trade agreements (FTAs), especially a deal between the country and the Eurasia Economic Union (EAEU) which took effect last month.
Representatives from public private partnerships (PPP) in apparel and footwear on October 27 signed a co-operation agreement for the two sectors’ sustainable development in Vietnam.
The 20th Vietnam International Fashion Fair (VIFF) 2016 is set to take place from December 22-26 at the International Centre of Exhibition, 91 Tran Hung Dao, Hanoi.
VOV.VN - Most everyone that travels to Vietnam is initially struck by the similarities in the larger cities to Western metropolitan life.
Footwear is a big industry of Vietnam, considered a ‘foreign currency earner’ thanks to high exports every year.
The Ministry of Trade and Industry (MoIT) is urging local footwear makers to further invest in support industries instead of depending excessively on imported raw materials and losing out on profits and competitiveness.
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.
Vietnam is a big footwear exporter, but many Vietnamese do not wear domestically made shoes.
The garment-textile and leather-footwear sectors brought in US$10.5 billion from exports in the first four months of this year.
VOV.VN - The US has become the biggest importer of Vietnam’s footwear products with an import revenue of nearly US$4.1 billion, accounting for 33.9% of the country’s total footwear export value, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Vietnam is considered the country to reap the most benefit in apparel, footwear, agro-forestry and seafood exports from the Trans-Pacific Partnership (TPP) agreement, said the Vietnam Leather and Footwear Association (Lefaso).
VOV.VN -Exports of footwear and related items showed robust development for 2015, said speakers at a recent meeting of the Vietnam Leather, Footwear and Handbag Association (Lefaso) in Hanoi.
Foreign invested enterprises (FIEs) account for less than 25 percent of total number of footwear enterprises, but make up 77% of total export value.
(VOV) - The US is presently considered a big importer of Vietnam suitcases and bags, accounting for more than US$1 billion out of total US$2.4 billion in export value, far exceeding other key markets-the EU and Japan.
(VOV) - Vietnam’s footwear exports jumped 18.4% to US$8.8 billion during the first nine months of this year, according to the Ministry of Industry and Trade (MoIT).
The domestic handbag industry must increase investment and quality to meet the rising demand from importers under new bilateral and multilateral trade agreements, an industry official has said.
(VOV) - Vietnam’s footwear exports jumped 21.2% to more than US$5.85 billion in the first half of this year, according to statistics released by the General Department of Vietnam Customs.
(VOV) - After a few difficult years brought about by the global economic recession, Vietnam’s leather and footwear industry has been a key factor underpinning the resilience of the nation’s economic growth and employment.