The Ministry of Trade on Thursday discussed a proposal to develop a centre to , store and trade raw materials for textile and leather footwear production.
The export revenue of the leather, footwear and handbag sector is predicted to hit $26-27 billion in 2024 on the back of the positive results seen so far.
The summit aims to improve the competitiveness of local craft villages and promote the development of the leather and footwear industry in Viet Nam in general.
Viet Nam''s leather and footwear enterprises face many challenges in the remaining five months of 2022, especially the lack of market information, according to the Viet Nam Leather, Footwear and Handbag Association (Lefaso).
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.
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 International Shoes and Leather exhibition, the International Footwear and Leather Products exhibition and the Viet Nam International Exhibition on Sewing Machinery opened simultaneously in HCM City on July 10.
Viet Nam now exports 1 billion pairs of shoes per year and the nation is the second largest leather and footwear exporter in the world, according to experts at the Viet Nam Footwear Summit 2019 held in HCM City on...