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.
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...
Domestic and foreign-invested enterprises (FIEs) in the leather and
footwear sector continue to show impressive growth, making Viet Nam the
second largest global exporter of footwear.
Leather footwear and handbag exports are expected to top US$12 billion
this year, achieving the target, the Viet Nam Leather and Footwear
Association (Lefaso) said.
Footwear exports fetched US$3.76 billion in the first five months of
this year, up 17.8 per cent year-on-year, according to the Ministry of
Industry and Trade.
Two key export industries - textile and garments as well as leather and
footwear - have posted significant gains in the first four months of the
year, according to the Ministry of Industry and Trade (MoIT).
Made-in-Viet Nam footwear is the first choice for a majority of
Vietnamese customers, according to the Viet Nam Leather and Footwear
Association (LAFASO).
Viet Nam ''s footwear industry sees many favourable
conditions to boost its exports as most local businesses have received
steady orders for the second and third quarters of 2013.