Vietnam: leather and shoe exports could bring in $18 - leatherbiz: Lea Leatherbiz

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Vietnam: leather and shoe exports could bring in $18 billion this year

14/09/2017
Vietnam’s ministry of industry and commerce has said the country’s leather and footwear manufacturers brought in export earnings of more than $9.6 billion in the first eight months of 2017, an increase of 12.2% compared to the same period last year.

Commenting on the figures, industry association Lefaso said overseas-owned manufacturers accounted for more than 80% of the leather and shoes, adding that Vietnamese-owned companies lack the resources to expand production or market share.

It said Vietnam’s leather and footwear exports for the whole of 2017 could be as high as $18 billion in the end, a figure that would mean a year-on-year rise of 10%.


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