Vietnam: Footwear industry targets 20% growth in 201 - leatherbiz: Lea Leatherbiz

News

Vietnam: Footwear industry targets 20% growth in 2016

21/01/2016
Press in Vietnam have reported that the footwear industry expects a 20% growth in exports this year, due to a number of new Free Trade Agreements including the Transpacific Partnership (TPP).

"To take advantage of those agreements, the local leather and footwear industry should prepare material at home to join preferential tariffs from the deal when exporting their products to the US, the European Union and some other markets," said Deputy Minister of Industry and Trade Ho Thi Kim Thoa at a meeting with Viet Nam Leather and Footwear Association (Lefaso).

Exports of footwear and handbags grew 16% in 2015 to $15 billion, with $12 billion from footwear and $3 billion from handbags.

See World Leather October-November, available to subscribers as an ezine, for a look at further consequences of the TPP for the footwear sector. Articles are available as pdfs to non-subscribers for £1 from the Technical Library.

Related stories:

Assomac launches ‘technology centre’ in Vietnam 25/07/2017
Conference brings together Vietnam’s footwear and leather companies 14/03/2017
US Agriculture Secretary makes Vietnam visit 27/04/2016
China’s share of US footwear market falls to 65% 10/02/2016
Vietnam on track to meet leather exports target 24/11/2015
Vietnam: Leather and footwear exports surge 02/10/2015
Vietnam looking for 45% more leather between now and 2020 27/07/2015
Further growth for Vietnamese leather industry 20/07/2015
Vietnam shipped shoes worth $3.5 billion to the EU last year 09/06/2015
Record shoe exports from Vietnam in first quarter 13/04/2015
Vietnam: Leather and footwear exports show no sign of slowing 06/03/2015
Vietnamese footwear makers profit from China moves 16/02/2015
ASEAN Economic Community could make 2015 a big year for Vietnamese shoes 05/01/2015
Vietnam needs to attract tanning groups - Lefaso 08/12/2014
Vietnam’s footwear makers push to fulfil UAE’s needs 20/11/2014
Wolverine World Wide seeks out alternatives to leather 14/11/2014
Lefaso lays down leather targets 22/07/2014
Vietnam mulls leather testing 01/07/2014

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.