Japanese drive demand for Vietnamese goods

12/08/2013
Reports from Vietnam say demand from Japan is expected to take revenues for the leather and footwear sectors over the targeted $9.7 billion this year.

Luu Van Thanh, director of Hoang Kim Handbag in Ho Chi Minh City, was reported as saying the company has been meeting Japanese groups nearly every day. He said he has never seen this many Japanese businesses coming to Vietnam.

Hoang Kim Handbag employs 100 people and exports all of its products, to Switzerland, Germany, France and Japan.

In the first six months of the year, the footwear sector earned $4 billion, an increase of 14%, and the handbag sector saw 22% growth to $911 million.