Vietnam’s Leather and Footwear Corporation (Leprodexim) has announced a programme of reform aimed at grabbing a larger share of the international market after its slowest rate of export growth in a decade.

A key aspect of the programme is its emphasis on cost reduction. In an effort to enhance the price-competitiveness of its products, the company says it will reduce its reliance on imported raw materials, accessories and equipment. It also intends to bring a higher proportion of its manufacturing and marketing activities in-house, while realising ‘substantive’ efficiency gains through investment in new production technology.

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