Vietnam’s shoe companies bring components in-house - leatherbiz: Leadi Leatherbiz

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Vietnam’s shoe companies bring components in-house

30/04/2019
Vietnam’s leather and footwear association Lefaso has organised training courses for affiliate companies to learn how to better access markets under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

To be eligible for certain tax breaks, in some instances they will have to prove country of origin for all components of footwear.

Some companies have begun to manufacture soles and components, rather than importing them, report local press.

Phan Thi Thanh Xuan, general secretary of Lefaso, said the CPTPP offers opportunities for Vietnamese footwear producers to increase exports to Canada and Mexico, in particular.

The CPTPP is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. On 30 December 2018, the agreement entered into force between Australia, Canada, Japan, Mexico, New Zealand, and Singapore. On 14 January 2019, the agreement entered into force for Vietnam.

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