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Lefaso: Steady growth expected for 2020

05/02/2020

Vietnam’s footwear and leather exports experienced steady growth throughout 2019, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso). The group now predicts an 11% rise for 2020.

Turnover in 2019 hit $22 billion, which was an increase of 12.2% from 2018. Lefaso pointed to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect in early 2019, as helping the sector expand into markets such as Mexico, Canada, Chile and Peru.

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