Vietnamese businesses now have broader access to the United Kingdom (UK) market thanks to the UK-Vietnam Free Trade Agreement (UKVFTA). However, it is necessary to evaluate the implementation of the FTA to provide appropriate support policies for businesses, helping them fully...
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.
As the COVID-19 pandemic continues to disrupt global activities, some industries and businesses have applied technology and new working practice to limit its influence.
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.
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 leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports.
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.
Viet Nam has set a goal of earning between US$19.5 billion and $20 billion from footwear, bags and suitcases in 2018, up 10 per cent and 12 per cent from 2017.