ASEAN Economic Community could make 2015 a big yea - footwearbiz: Lead

News

ASEAN Economic Community could make 2015 a big year for Vietnamese shoes

06/01/2015
Vietnam’s leather and footwear industry association Lefaso has said 2015 could be an important year for the country’s shoe manufacturers because they are likely to gain duty-free access to all Association of Southeast Asian Nations (ASEAN) markets.

ASEAN members (Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam) have pledged to implement the ASEAN Economic Community (AEC) this year, giving manufacturers and brands in each country single-market access to ASEAN’s 600 million consumers.

In comments at the start of 2015, Lefaso secretary general, Phan Thi Thanh Xuan, said Vietnam achieved shoe sales of $1.8 billion in ASEAN partner states last year, making the prospects for growth under the AEC strong.


Related stories:

Vietnam: Footwear industry targets 20% growth in 2016 22/01/2016
Cambodia raises minimum wage 14/10/2015
India spies opportunity to supply leather to Vietnam 12/06/2015
Record shoe exports from Vietnam in first quarter 14/04/2015
Vietnamese footwear makers profit from China moves 18/02/2015
UN calls on brands to help Cambodian factories absorb wage hike 07/01/2015

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.