Even though efforts to contain the spread of COVID-19 have helped the country’s footwear and handbag industry attract more orders from international brands, it has still been hit hard by the pandemic in many aspects.
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 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.
