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Global recession influence to the footwear industry - LEFASO
03
Jul '09
As global economic downturn and weakening international markets, coupled with over capacity and production cost rising, the shoe export target of 5.1 billion U.S. dollars set at beginning of this year is unlikely to complete, commended in Vietnam related authority.

According to the statistics from Vietnam Leather and Footwear Association (LEFASO), shoe export value slowed 10% to 1.3 billion U.S. dollars in the first four months over the same period of last year, particularly exports to Britain, Japan and EU countries.

LEFASO said considering the weak demand in international market and shrinking in shoe export, Vietnamese shoemakers should revise the production and export program according with actual situation. The top priority should be given to technical innovation and products designing, personnel training so as to improve the quality of shoe.

Vietnam Leather and Footwear Association (Lefaso)

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