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.
At $1.99 billion, the export value of local footwear products to the US saw a year-on-year increase of 13.9 per cent, and accounts for 35.2 per cent of Viet Nam’s total footwear export value
Exports of handbags, wallets, suitcases, hats and umbrellas have so far
been steadily optimistic, helping the industry meet the export target
of US$2.8 billion this year.
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.