Domestic firms want to bridge the gap in Vietnam - leatherbiz: Leading Leatherbiz

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Domestic firms want to bridge the gap in Vietnam

16/08/2017
With export revenues of $8.7 billion in the first six months of 2017, growth of 11% year on year, the Vietnamese footwear industry continues to perform well, but in recent comments, local industry association Lefaso has complained of a gulf between producers that are locally owned and those run in Vietnam by overseas operators.

Vietnamese-owned shoe companies have said they would like the country’s government to give them preferential rates on credit, taxes and labour costs so that they can reduce operational costs and become more competitive.

Lefaso has said overseas-owned manufacturers often benefit from tax breaks and have the capacity to expand quickly. As a result, these firms account for more than 80% of all Vietnamese footwear export revenues at the moment.


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Double-digit increase for Vietnam’s footwear exports 06/12/2017

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