Vietnamese shoe manufacturers prepare for expansion to Russia
03.07.2015 5819

Vietnamese shoe manufacturers prepare for expansion to Russia

Vietnamese retailers are planning to enter the Russian market. One of them is the clothing and footwear manufacturer Vinatex, which earns $ 20 billion a year from exporting its products.

The exit of Vietnamese companies will not be large-scale, but gradual, since they need cooperation with Russian partners, explained Le Truong Son, head of the Vietnamese investment company Intcenter. He also recalled that Vietnam is the first Asian country to sign a free trade agreement with the Customs Union. This fall, the Vietnamese authorities must ratify this agreement, Le Truong Son said.

The trade turnover between Russia and Vietnam, according to the company "Intcenter", is $ 4 billion and has a tendency to increase, since Russia has recently turned its attention to Asia. According to Le Truong Son, the free trade agreement gives Vietnamese companies the ability to supply up to 80% of their goods duty-free.

Vietnamese retailers plan to enter the Russian market.
5
1
Rating

Latest News

The design and functionality of the Euro Shoes exhibition website has been updated!

The main website for the international footwear exhibition Euro Shoes Premiere Collection has become visually more modern, logically simpler, and allows visitors to get a glimpse of the event, including through vibrant photographs and…
10.03.2026 193

Chinese clothing suppliers expect prices for synthetic fabrics to rise.

Chinese clothing suppliers are expecting higher prices for their products. The sharp rise in oil prices caused by the war in Iran is driving up the cost of raw materials throughout the entire supply chain…
10.03.2026 256

Spain's FICE is concerned about the threat of a halt to trade relations with the US.

The Spanish Footwear Industry Federation (FICE) is concerned about US President Donald Trump's threat to suspend trade between the two countries. Tensions arose following a diplomatic dispute between Washington and Madrid over...
10.03.2026 282

Camper and Camper Lab announce the appointment of a new creative director.

Camper has appointed Abraham Ortuño, founder of the footwear brand Abra, as its new creative director. He will replace Finnish designer Achilles Jon Gabriel, who announced his departure from the brand in January after more than six years…
06.03.2026 614

Euro Shoes starts tomorrow!

The leading international footwear and accessories exhibition, Euro Shoes Premiere Collection, opens in Moscow and runs from March 4 to 7.
03.03.2026 956
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning