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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kevin Nelson
TissueGen

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search