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Footwear export in May speeds up
03
Jun '08
A recently released report by the Ministry of Industry and Trade (MOIT) shows that Vietnam reaped US $380 million from exporting footwear products during May 2008, representing a year–on–year growth of 2.4 percent.

In these five months, the turnover reached $1.74 billion, rose by 12.9 percent in comparison with same period 2007.

According to the local experts, such export figures can be considered as good, because the industry has been facing various difficulties in both production and exports. For example, on one hand, the country is coping with anti-dumping lawsuit charges from the biggest market EU, and on the other, the local production suffered strong hikes in prices of materials and others.

Although the country enjoys GSP in EU, the MOIT wants the industry to apply better production and management methods in a bid to improve exports to such large market.

Fibre2fashion News Desk - Vietnam

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