Rieker
Vietnam notes export growth of leather and footwear
08.12.2017 2220

Vietnam notes export growth of leather and footwear

According to the results of three quarters of 2017, the volume of exports of footwear and leather products in Vietnam amounted to about $ 10,6 billion, which is 12,7% more than in the same period in 2016, Le Courrier du Vietnam writes.

The industry is booming. Diêp Thành Kiêt, vice president of the association of shoes, bags and leather goods (Lefaso), believes that the industry has grown in recent years due to the ability of Vietnamese enterprises to create products that meet the needs of foreign markets.

Vietnam’s leather and footwear exports are expected to reach $ 18 billion this year, with annual growth of 10%.

An optimistic forecast is associated with a revival of world trade and the decision of China to reduce privileges for investors in the textile, shoe and leather industries, in order to support the new technology sector, which can also lead to the shift of orders from China to Vietnam.

Vietnam exports shoes and leather goods to about 100 countries. In 2016, the export turnover of footwear and leather products amounted to $ 16,2 billion, annual growth amounted to 8,8%. About $ 13 billion came from shoes and $ 3,2 billion from bags and other leather products.

The largest importer of Vietnamese footwear and leather goods is the United States, with purchases of more than $ 4 billion, representing 35,1% of Vietnam's total exports. In second place are EU countries, with purchases of $ 3,72 billion, and a share of 31,7% of Vietnamese footwear and leather products. Sales of Vietnamese shoes and leather goods are growing in East Asian markets + 20%, in Japan + 11,8%, in China +94,6, in Taiwan and the Republic of Korea + 9,3%.

According to the results of three quarters of 2017, the export volume of footwear and leather products of Vietnam amounted to about $ 10,6 billion, which is 12,7% more than in the same period in 2016, Le ...
5
1
Rating

Latest News

Sneaker production launches in Astrakhan

The Duna AST company plans to launch the production of sports shoes on the basis of the Astrakhan rubber footwear plant. The enterprise received preferential financing from the Industrial Development Fund of the Astrakhan Region, and at the end of the month it is expected...
07.12.2023 192

Adidas and Reebok will be sold in the new ASP retail in Russia

Clothing and footwear of the brands Adidas and Reebok, which officially left Russia, will be presented in the assortment of the new retail chain ASP, the first store of which will open in the Belaya Dacha outlet in Moscow this week, writes...
07.12.2023 213

Timberland and Kith release another collaboration

Founded by American designer Ronnie Fieg, street fashion brand Kith has worked to update the appearance of Timberland winter boots...
06.12.2023 187

Clarks released a collection with Pokemon

Clarks has tapped Japan's The Pokémon Company franchise for a shoe collection, reimagining one of its popular Torhill Hi silhouettes for…
05.12.2023 397

Uzbekistan is becoming a significant player in the international footwear market

Over the past six years, Uzbekistan has made a powerful breakthrough in the development of its own production and export of footwear. According to the Association of Leather and Footwear Manufacturers of Uzbekistan (Uzcharmsanoat), if in 2017 the country produced only...
05.12.2023 379
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning