;
Home / Knowledge / News / Apparel/Garments / Bright days for Vietnam's leather, footwear sector: LEFASO
Bright days for Vietnam's leather, footwear sector: LEFASO
21
Mar '18
Vietnam’s leather and footwear sector will witness more orders and an expanded export market share in 2018, according to the Vietnam Leather, Footwear, and Handbag Association (LEFASO). The Vietnam-European Union (EU) free trade agreement, expected to be signed this year, will offer Vietnam’s footwear products a big competitive advantage over China, it feels.

The sector’s export revenue last year was $18 billion, up 10.7 per cent over 2016 figures. The United States remains the largest export market for such products, accounting for 34 per cent of the sector’s total export turnover, followed by the EU, South Korea, Japan and China, according to a Vietnamese state radio report.

The Skechers Group of the United States, which is planning to shift investment from China to Vietnam, is exploring investing in a large project in the country with about 20,000 workers.

But the sector will also face some challenges, including the impact of the fourth Industrial Revolution (Industry 4.0) and the problem of enhancing labour productivity, LEFASO feels. Up to three-fourths of leather and footwear enterprises now find it difficult to invest in automation; only a fifth of them start at a small scale; and less than 5 per cent are planning to make investments in the area.

Apart from these, the protectionist policies implemented by certain countries also pose a big challenge to the sector.

In 2018, Vietnam’s leather and footwear sector has set an export revenue target of $20 billion, a 10 per cent rise over 2017. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam targets $40 bn in textile-garment exports in 2019

Apparel/Garments | On 22nd Jan 2019

Vietnam targets $40 bn in textile-garment exports in 2019

The Vietnam Textile and Apparel Association (VITAS) has set a target...

Myanmar RMG units exporting to EU rose by 180 in 5 yrs

Apparel/Garments | On 22nd Jan 2019

Myanmar RMG units exporting to EU rose by 180 in 5 yrs

The number of readymade garment (RMG) factories in Myanmar that...

Courtesy: Microsoft

Textiles | On 22nd Jan 2019

Microsoft India launches e-com site for handloom weavers

Microsoft India recently launched a new e-commerce platform,...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

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

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


January 2019

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

news category


Related Categories:

Advanced Search