News

Reliance on Chinese leather hurts Vietnamese footwear firms

09/05/2011

Rising values of China’s currency, the yuan, have made life difficult for leather footwear manufacturers in Vietnam. Reports from the neighbouring country have said that Vietnam’s shoe production companies rely on Chinese suppliers for as much as 90% of the materials they use. The Chinese government has said the yuan has risen in value against...

To continue reading this story, please sign in or register.