Vietnam looking for 45% more leather between now and 2020
29/07/2015
In comments he made on returning to Brazil, Mr Bello said: “All participants have come back reasonably satisfied because they were able to see at first hand just how big Vietnam’s purchasing potential is.”
In talks with its counterpart in Vietnam, Lefaso, CICB learned during the visit that official estimates anticipate an increase between now and 2020 of 45% in the amount of leather Vietnamese finished product manufacturers consume. Mr Bello pointed out that Vietnam is currently the fourth largest importer of hides and skins in the world, spending $1.3 billion on raw material in 2014. He said Brazil has put itself in a good position to be one of Vietnam’s most important suppliers of hides, skins and leather.
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