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Vietnam handbag exports cross US$1bn-mark
03
Jan '12
Vietnamese leather industry has exported handbags worth more than US$ 1 billion in 2011, according to the Vietnam Leather and Footwear Association (Lefaso).

Handbags are among the 26 items exported by the Vietnamese leather industry.

However, the handbag exports have come from foreign direct investment companies. Lefaso is now targeting a 30 percent export sales from domestic handbag manufacturing companies over the next few years.

In 2011, 25 million handbags, rucksacks, etc. were sold in Vietnam's domestic market, of which, about 15 million were manufactured by local companies.

Lefaso said 8 well-known companies are planning to shift their production base from China to Vietnam to meet the growing global demand in the sector.

Lefaso has set the target of US$ 1.5 billion for handbag exports in 2012.

Fibre2fashion News Desk - India

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