Home / Knowledge / News / Vietnam's leather & footwear exports jump 30%
Vietnam's leather & footwear exports jump 30%
01
Oct '11
Vietnam's leather and footwear export volumes jumped to US$ 4.8 billion during the initial nine months of the current year, registering a 30 percent rise, according to the General Statistics Office (GSO) data.

For four consecutive months since June, the industry has achieved a growth rate of US$ 550-640 million per month.

This rise in export volumes is mainly attributable to the EU lifting the anti-dumping duty that it had imposed on imports of Vietnam made leather-upper shoes since April this year.

The EU's move persuaded importers to move their orders from China to Vietnam as the former is still subjected to a duty of 16.5 percent.

In spite of this positive development, several Vietnamese footwear manufacturers are still wary in accepting export orders due to high cost of raw materials and labour in the domestic market.

The Vietnamese producers have already bagged sufficient number of orders to keep them busy till close of the current year, and some contracts have been already negotiated for next year as well.

The industry plans to achieve six billion USD mark in exports by close of the current year, for which the experts believe that the producers would be required to expand their production lines and also work on quality enhancement.

In order to boost competitiveness of the businesses, alongside the export market, extra attention would also be required to be paid to the local market.

The industry has fixed a target of achieving US$ 9.1 billion in exports by 2015, US$ 14.5 billion by 2020 and US$ 21 billion by 2025.

It looks forward to achieve an average annual growth rate of 10.9 percent in export value during the 2011-15 period and 9.7 percent during both 2016-20 and 2021-25 periods.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search