Vietnam wants to export 2 billion pairs of shoes by 2025
17/03/2017
Speaking at the 2017 Vietnam Footwear Summit in Ho Chi Minh City (March 15-16), Diep Thank Kiet, deputy chairman of Lefaso, said the health of the US economy is a greater concern than the demise of TPP. He insisted that Vietnam can maintain its competitiveness even without TPP and is confident it will retain its place as the second biggest footwear exporter to the US.
He added that free trade agreements with South Korea, Russia, Kazakhstan and Belarus, as well as an agreement with the EU which is under negotiation, have opened new markets for Vietnam’s footwear and leather industry. He believes the government should continue to pursue such deals.
Phan Chi Dung, Vietnam’s minister for industry and trade, added that the ministry is targeting rapid, sustainable development and better use of free trade agreements to further expand exports. It also plans to restructure production to add value to products, increase local content in products and promote a greater focus on medium- and high-quality products.
He added that the ministry is aiming for more than 2 billion pairs of shoes a year by 2025, more than double the number of 2016. These exports would be worth more than $30 billion.
He called for footwear companies to work together to increase investment in modern equipment and technologies to make Vietnam a global footwear production hub and to increase it role in the global supply chain.
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