Vietnam footwear industry makes its mark on Thaila - footwearbiz: Lead

News

Vietnam footwear industry makes its mark on Thailand

07/03/2014
Exports of footwear from Vietnam to Thailand had a value of $25.9 million in 2013, an increase of almost 300% since 2010.

This has led to speculation in Vietnam that Thailand will cease to produce its own footwear in the future and more or less rely on imports.

Thailand is facing a shortage of labour, observers in Vietnam said, as well as challenges posed by an unstable curreny, high labour costs and competition from other producers. Several months ago, a delegation of 30 Thai businesses operating in the sector visited Vietnam to seek long-term investment opportunities.



Related stories:

Vietnam on track to hit footwear export target 02/07/2014

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.