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.
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.
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...
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.
Imports of materials for textiles, leather and footwear from Canada saw a tremendous growth of 179.8 per cent to hit US$11.8 million in the first four months of 2018, reported by the statistics of the General Department of Viet Nam Customs.
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).
A dramatic change in market trends and the "fourth" industrial revolution are forcing Vietnamese enterprises to gradually apply new technologies to production.