Home / Knowledge / News / Footwear exporters target US$11.5 bn by 2015, LEFASO
Footwear exporters target US$11.5 bn by 2015, LEFASO
15
May '09
According to the Vietnam Leather and Footwear Association (LEFASO), the sector plans to expand its outlets and increase investment in the production of raw materials so that the proportion of domestically made materials rises to 90 percent by 2015.

It also plans to double the number of workers to about 1.2 million over the next six years.

However, an industrial analyst from LEFASO, Tran Thi Huyen Trang, says that Vietnam 's footwear industry has faced a lot of barriers, which has stunted its development. She cited the anti-dumping lawsuits the industry is facing in its major markets. At present, Vietnam 's leather-capped shoes have to bear an EU anti-dumping tax rate of 10 percent. In addition, Canada began an investigation into the dumping of Vietnamese waterproof shoes in February.

Moreover, the industry is yet to solve the problems of poor quality materials and designs. Until it builds up a strong recognised trademark for its products, the Vietnamese footwear industry will remain unable to compete with imported products, even in its home market.

According to the LEFASO, the export turnover of the country's leather footwear in recent years has continuously increased at an average rate of 23 percent per year and the products were acknowledged as being one of Vietnam 's major strategic exports during 2006-2010.

In the first four months of this year, due to the impact of the ongoing global economic crisis, Vietnam earned 1.2 billion USD from leather footwear exports, a drop of 11 percent over the same period last year.

The country has now over 500 businesses exporting footwear, bags and materials.

The Vietnam Leather and Footwear Association (LEFASO)

Must ReadView All

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

Taiwan’s Everest Textile to invest $18.5 mn in US

Everest Textiles USA, a unit of Taiwan based Everest Textile Company, ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search