Home / Knowledge / News / Apparel/Garments / Vietnam's footwear industry to flourish this year: LEFASO

Vietnam's footwear industry to flourish this year: LEFASO

May '19
Despite Vietnam facing fierce competition from some countries in the Association of South East Asian Nations (ASEAN) region, the Vietnam Leather, Footwear and Handbag Association (LEFASO) forecasts that the demand for footwear products in the primary markets that the country caters to will remain high this year and the industry will continue to flourish.

Though the first quarter of this year saw several holidays, the footwear industry continued to witness a two-digit growth, according to a Vietnamese media report.

Footwear production in the first quarter was estimated at 62.9 million pairs of shoes, up 11.7 per cent over the same period last year. Footwear exports were estimated at $3.97 billion, up 15.3 per cent over the same period last year.

LEFASO estimates the industrial index of the footwear sector will go up by 11 per cent this year compared to last year, the industry will try to raise localisation ratio of footwear products to 60 per cent, and export of footwear will rank fourth and export of handbags will rank tenth.

Footwear and handbags will be in the list of top ten key export products of Vietnam, the industry body estimates.

A key advantage of Vietnam’s domestic footwear industry in future is China’s reduced focus on garment, textile and footwear and diverting attention to high-tech industries. Therefore, footwear and handbag processing orders will maintain a tendency to shift from China to Vietnam.

The US-China trade war will also affect domestic import and export and boost investment of foreign direct investment enterprises in the footwear industry.

Footwear manufacturers also have to deal with challenges like rising trade protectionism from import countries. (DS)

Fibre2Fashion News Desk – India

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search