Việt Nam’s footwear industry is utilising the United Kingdom–Vietnam Free Trade Agreement (UKVFTA) to increase exports, according to the Việt Nam Leather, Footwear and Handbag Association (Lefaso).
The Energy Efficiency and Sustainable Development Department and the Dutch Sustainable Trade Initiative (IDH) signed a MOU to support the sustainable development of the textile and footwear industry in Việt Nam.
The establishment of a centre for raw materials to support the textile, leather and footwear industries will help meet new demands from importing countries, focusing on sustainability in production and social responsibility.
The footwear industry must implement solutions on sustainable development to fulfil the goals in a development strategy for Viet Nam''s garment-textile and footwear industries to 2030, with a vision to 2035.
Viet Nam''s export of leather, footwear and bags this year will likely increase 10-15 per cent year-on-year to about US$23-25 billion, the Viet Nam Leather, Footwear and Handbag Association (Lefaso) has forecast.
Viet Nam''s leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
The domestic leather and footwear industry still has a chance to increase exports by year-end, but it will be unable to reach its export target of US$24 billion.
Việt Nam’s leather and footwear industry should improve its supply chain performance to take advantage of the milestone trade deal that Việt Nam has signed with the EU.
Viet Nam’s leather and footwear industry will continue to develop in the coming years, according to the Viet Nam Leather, Footwear and Handbag Association (Lefaso).
New trends and growth models in the footwear industry will be the main topics of discussion at the Viet Nam Footwear Summit 2018 in HCM City from March 21-22.
A dramatic change in market trends and the "fourth" industrial revolution are forcing Vietnamese enterprises to gradually apply new technologies to production.