Vietnam’s Minister of Industry and Trade, Vu Huy Hoang, has approved a plan to develop the country’s leather and footwear industry up to 2020, with a vision to 2025. Under the plan, the investment capital needed for the next 15 years will be roughly $3 billion, with 43% coming from domestic agencies and 57% from overseas. The sector will enter a new development period with targets to ensure sustainable development.

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