The footwear and handbag industry aims to reach export revenue of US$24 billion in 2020, after hitting $22 billion last year, the industry association said.
The EU-Vietnam Free Trade Agreement (EVFTA) is expected to create solid opportunities for Vietnam to expand its export markets in the time ahead, especially in terms of the garment and footwear industries.
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.
State-owned enterprises and local businesses should pay due attention to training workers for the fourth industrial revolution (Industry 4.0) so that they are not rendered redundant, experts say.
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 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.
More than one million students completed registration for the national high school exam, which began on July 1 in 38 testing centres throughout the country. Students will not only battle their nerves but also the extreme hot weather blanketing northern and central regions, set to surpass 40 degrees Celsius in Hanoi.