Home / Knowledge / News / Favourable winds for footwear exports
Favourable winds for footwear exports
01
Apr '10
A recently held study shows that, disregarding the ongoing concerns about anti-dumping duties in the European Union (EU) market, the Vietnamese footwear industry is looking forward to mark this year with sizeable increase in its exports.

According to the survey, wherein 47 per cent of the footwear exporters intend to focus on the EU markets, around 90 per cent of them expect the exports to go up, this year.

It also follows from the survey that, 60 per cent of the footwear manufacturers will keep up with their quota for the year ahead.

While responding to the survey, many respondents did show their concern over the 10 per cent anti-dumping duty imposed by EU on goods manufactured in Vietnam, but at the same time they mentioned that the Chinese footwear is being taxed at 16 per cent and they have an advantage over China.

The country's footwear sector has many competitive advantages such as, profuse availability of raw materials, positive assistance following from the side of government and a large group of skilled suppliers with established original equipment manufacturer ability.

This perceptibly follows with several eminent international brands farming out their production to the suppliers in Vietnam. The country thus, has succeeded in establishing itself as the fifth-largest exporter of footwear, the world over.

In the first quarter of 2010, footwear exports have fetched revenues worth $1 billion, which is 10 per cent above the figures recorded for the corresponding period in the previous year.

As per the General Statistics Office, EU continues to be the prime importer of Vietnamese footwear with its turnover for the initial two months of this year touching $326 million, which forms 48 per cent of the entire export volume; US and Japan are next in the race.

Viet Nam Leather and Footwear Association (Lefaso) claimed that currently Vietnam is fourth amongst the world's top ten footwear exporters.

During 2009, total export's turnover from footwear came to about $4.8 billion, which is expected to rise by 17 per cent in this year to touch $5.6 billion.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mark Paterson
Technical Absorbents Ltd

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search