Vietnam achieves record export turnover in 2010 - footwearbiz: Leading

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Vietnam achieves record export turnover in 2010

14/01/2011
In 2010, Vietnam’s export turnover reached a record of $71.6 billion. Sales of footwear in overseas markets amounted to the second highest proportion of the total (following textiles), reaching $5 billion. Compared to 2009, footwear exports increased by 26%.

According to the statistics, sales rose in key markets such as Japan, Korea and the US. Exports to new markets in the Middle East and South America also increased significantly. In comparison with 2009, exports to Saudi Arabia improved by 28% and to Mexico by 20%.

The director of the Investment and Trade Promotion Centre, Tu Minh Thien, believes that, in order to ensure the continuation of a rise in profits local exporters should take advantage of other potential markets such as Myanmar, Africa and Middle East countries. This year the government set a target of a 10% increase on last year’s export turnover and thus, local exporters will be expected to bring in more than $78 billion.


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