Vietnam leather and footwear exports up 31%
Vietnam’s leather and footwear exports in the first six months of the year reached nearly $3 billion, up 31% year-on-year, according to the General Statistics Office (GSO) on 5 July, 2011.
The Vietnam Leather and Footwear Association (LFA) said that many domestic producers already received export orders for the second half of the year, making the volume of export orders in 2011 increase by roughly 20% compared to last year, and the orders’ prices surge by roughly 7-1%.
The Vietnamese leather and footwear industry targeted an export turnover of $5.5 billion this year, compared to nearly $5.1 billion in 2010.
With its growth strategy for 2020 that focuses on the development of supporting industries as well as materials supply, the industry expects to earn $9.1 billion from the exports by 2015, and $14.5 billion by 2020, LFA said.
