The leather and footwear sector has posted impressive growth in recent years to become the third biggest export earner behind garment and textile and crude oil, the Ministry of Industry and Trade-run institute reported. Viet Nam ranks 4th globally in footwear exports, selling its products to 50 countries and territories, with the EU, US, and Japan being the main buyers. The main export items are sports, canvas, and leather shoes and sandals. The industry now exports up to 90% of its output
However, similar to textiles and garments, the Vietnam's leather and footwear industry had a difficult year in 2009 as it failed to achieve its export target. According to Ms Nguyen Thi Tong, Secretary General of the Vietnam Leather and Footwear Association (LEFASO), the industry is struggling to cope with shortages in labor, materials and, especially, export markets, reported Vietnam Investment Review. She said that even though Vietnam was one of the largest footwear exporters in the world but the industry still lacked the ability to design its own models and had small-scale production and limited service infrastructure.
This year, 2010, Vietnam's footwear industry has set the target for a 17% increase in footwear exports in 2010, trying to reach $6.2 billion in export value. Also, in 2010 the EU will end the General System of Preferences (GSP) statute for imports of footwear from Vietnam, so Vietnam has to try to identify other export markets.
The leather and footwear sector has posted impressive growth in recent years to become the third biggest export earner behind garment and textile and crude oil, the Ministry of Industry and Trade-run institute reported. Viet Nam ranks 4th globally in footwear exports, selling its products to 50 countries and territories, with the EU, US, and Japan being the main buyers. The main export items are sports, canvas, and leather shoes and sandals. The industry now exports up to 90% of its output
However, similar to textiles and garments, the Vietnam's leather and footwear industry had a difficult year in 2009 as it failed to achieve its export target. According to Ms Nguyen Thi Tong, Secretary General of the Vietnam Leather and Footwear Association (LEFASO), the industry is struggling to cope with shortages in labor, materials and, especially, export markets, reported Vietnam Investment Review. She said that even though Vietnam was one of the largest footwear exporters in the world but the industry still lacked the ability to design its own models and had small-scale production and limited service infrastructure.
This year, 2010, Vietnam's footwear industry has set the target for a 17% increase in footwear exports in 2010, trying to reach $6.2 billion in export value. Also, in 2010 the EU will end the General System of Preferences (GSP) statute for imports of footwear from Vietnam, so Vietnam has to try to identify other export markets.
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