Home / Knowledge / News / Apparel/Garments / S Korean footwear firms to increase investment in Vietnam
S Korean footwear firms to increase investment in Vietnam
23
Jul '18
S Korean footwear firms to increase investment in Vietnam
More than 100 South Korean footwear firms are operating in Vietnam, with nearly four-fifths of them active in the Bình Duong province, according to Lee Young Man, president of the Korean Footwear Association in Vietnam. Investment from South Korean footwear firms is expected to steeply rise once the European Union-Vietnam Free Trade Agreement (EVFTA) is signed.

The association now has 90 members and most of them are performing well, a top Vietnamese newspaper quoted Lee as saying.

According to the Vietnam Leather, Footwear and Handbag Association (LEFASO), Vietnam exported around $14.67 billion worth of footwear last year, ranking second in the world.

In the first four months of this year, the industry’s exports were worth $4.5 billion, and the full-year target is $20 billion.

South Korea is the biggest foreign investor in Vietnam with over 6,760 projects with a total registered capital of more than $59 billion. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

New EU rules for a fairer online economy apply from Jul 12

E-commerce | On 11th Jul 2020

New EU rules for a fairer online economy apply from Jul 12

The European Commission recently published a set of resources to help ...

Pic: Inditex

Retail | On 11th Jul 2020

Inditex to invest €2.7 billion for 2020-2022 plan

Inditex, a Spanish fashion retailer, has announced that to accelerate ...

Pic: Shutterstock

E-commerce | On 11th Jul 2020

ING Bank launches fashion marketplace in Romania

ING Bank, the fourth-largest bank by assets in Romania, launched its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Abhishek Ralli,

Abhishek Ralli

Guide group is a government recognised manufacturing house engaged in the...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Luis Quijano, Liberty University

Luis Quijano
Liberty University

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

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


July 2020

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


Advanced Search