Confidence flows through leather footwear sector in Vietnam
09/02/2011
The leather and footwear sector's export revenue reached nearly $5.1 billion in 2010, a year-on-year increase of nearly 25%, Mr Kiet said. It is Vietnam’s second-biggest export earner behind garment and textiles.
The Lefaso vice-chairman said that many positive signs had emerged from the US market that would give local footwear businesses more opportunities to widen their market share.
Another favourable condition for the industry this year is that markets in the Association of Southeast Asian Nations (ASEAN) region, Japan and China have also opened their doors to Vietnamese shoes. Moreover, with high consumption demand in the domestic market, local footwear also had a great opportunity to grow at home, Mr Kiet said.
The lifting of anti-dumping tariffs on Vietnamese leather footwear exports to the European Union (scheduled to take place at the end of March) will provide another boost.
Vietnam’s ministry of industry and trade has approved a growth strategy for the sector from now until 2020 that will focus on the development of support industries as well as material supply. This should deliver a boost to the tanning sector in Vietnam too.
Share this story:
