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Signs of recovery stay away from leather & footwear sector
15 Jul '09
1 min read
The textile and apparel sector in Vietnam is reporting a recovery in terms of new overseas orders received in the last few fortnights. But the same cannot be said for another big export revenue generator; footwear.
This was revealed by the Vietnam Leather and Footwear Association, which said that footwear exports in the first five months of 2009 could touch only about US $2 billion compared to the target of $5 billion.
It said, the European Union accounted for a majority share of footwear exports from the country and the sector has also been able to increase exports to the US by 9 percent, when compared with the same period of 2008.
This was revealed by the Vietnam Leather and Footwear Association, which said that footwear exports in the first five months of 2009 could touch only about US $2 billion compared to the target of $5 billion.
It said, the European Union accounted for a majority share of footwear exports from the country and the sector has also been able to increase exports to the US by 9 percent, when compared with the same period of 2008.
Fibre2fashion News Desk - India
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