Home / Knowledge / News / Vietnam market flooded with China-made footwear
Vietnam market flooded with China-made footwear
27
Jul '10
With plans to export $6.2 billion worth of goods in the year 2010 alone, Vietnam ranks fourth on the list of the world's top 10 footwear exporting nations. But still, the local shoe market is flooded by foreign-made goods, especially from China.

Vietnamese salespersons too suggest their customers to purchase Chinese products, owing to their variety of design availability. More so, stores in HCM City too, mainly display Chinese goods. Surprisingly, the sales agents based in HCM City are appointed for a Vietnamese brand but sell Chinese goods.

Even other selected stores across Vietnam, have on display more of Chinese products for sales, targeting customers of different age groups vis-à-vis children, men and women with different price tags.

As per owner of a sole distributor of Vietnamese Asia brand footwear, products belonging to different brands are sold the most as retailers require to sell thousands of footwear models. But the Vietnamese firms are able to generate only limited edition products and models.

More over, these products help retailers earn atleast 2-3 times higher profit than Vietnamese goods. Also, locally manufactured goods by Vietnamese firms always require deposits, whereas Chinese products do not require any deposit. Traders just need to place their requirement orders with Chinese firms and they get the delivery of their products in merely five days.

As per Vietnam Association of Leather and Footwear Association (Lefaso), close to 90 percent of goods from bigger footwear firms are kept aside for exports. Global-invested firms total to around 70 percent of the overall export revenue, whereas Vietnamese goods make up to 30 percent.

Although, the country has 1,000 firms functioning in the footwear industry, around 70 percent are being sourced from foreign importers. Infact bigger local firms are not so keen in selling their goods in the local market.

Fibre2Fashion News Desk - India


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search