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Steep rise in Vietnam's footwear exports
05 Jul '11
1 min read
Vietnam's footwear sector has achieved almost three billion US dollars in exports turnover during the initial six months of the current year, showing a year-on-year rise of 31 percent.
In June 2011, the sector's export earnings jumped to a six month high of over US$ 610 million. This was the first time since beginning of the current year that footwear exports crossed the US$ 600 million mark in a month.
Firms have already received enough orders to suffice till close of third quarter of current year and have even inked some contracts for the last quarter.
There has been a steep rise in bulk orders from importers this year, due to which there has been a year-on-year rise of 20 percent in number of export orders, alongside a 7 to 10 percent rise in price value of contracts.
Some companies, however, had to decline orders because of an anticipated fluctuation in availability of workforce.
In June 2011, the sector's export earnings jumped to a six month high of over US$ 610 million. This was the first time since beginning of the current year that footwear exports crossed the US$ 600 million mark in a month.
Firms have already received enough orders to suffice till close of third quarter of current year and have even inked some contracts for the last quarter.
There has been a steep rise in bulk orders from importers this year, due to which there has been a year-on-year rise of 20 percent in number of export orders, alongside a 7 to 10 percent rise in price value of contracts.
Some companies, however, had to decline orders because of an anticipated fluctuation in availability of workforce.
Fibre2fashion News Desk - India
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