Bangladesh’s leather sector poised for investment fr - leatherbiz: Lea Leatherbiz

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Bangladesh’s leather sector poised for investment from Vietnam

09/03/2018
An agreement between the Leathergoods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) and Vietnam’s leather, shoe and bag association Lefaso, has paved the way for a Vietnamese company to invest around $100 million in Bangladesh’s leather sector, according to local media reports. 

The company in question was not named, but reports said LFMEAB will help it establish a factory on the outskirts od Dhaka or Chittagong. It will also assist the company in its dealings with the Bangladeshi government. 

Bangladesh benefits from preferential access to a number of markets, including the EU, Japan, Canada and Australia, and the unnamed Vietnamese company is reportedly looking to tap into these benefits. 

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