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Pakistan leather sector seeks Vietnamese business

05
Feb '10
An 11 member delegation of Pakistan, representing the leading tannery and leather enterprises paid a visit to HCM city in a bid to find business opportunities in Vietnam and improve trade relations between the two countries.

Pakistan is recognized for high-quality leather shoes and their reasonable prices. Leather entrepreneurs of the country seek trade expansion in Vietnam, said Ambassador Mr. Shahid MG Kiani, while speaking at a Vietnam-Pakistan business meet, wherein Pakistani products were displayed.

This meeting was cooperatively conducted by the Pakistan Embassy, Pakistan Tannery Association and the VCCI's HCM City branch.

Pakistani leather would surely meet Vietnamese enterprises' demands, said the Pakistani delegation following their visit to two Vietnamese leather shoe companies.

Bilateral turnover of both the countries has increased steeply in recent years. It reached US $10 million in 2000 and surged up to $150 in 2008, said Mr. Nguyen The Hung, Deputy General Director of the HCM City branch of the Vietnam Chamber of Commerce and Industry.

Vietnam is a potential market for leather and tannery sector with an annual growth rate of 16 percent. In 2007 and 2008, Vietnamese leather shoe industry witnessed export turnover of $4 billion and $4.5 billion, respectively. However, tannery factories of the country account for a mere 20 per cent of industry demands, resulting into a dependence on imported leather.

In order to give a fillip to the economic collaboration of Pakistan businesses in Vietnam, a number of preferential policies would be formed by the HCM City authorities, informed Mr. Hung.

Fibre2fashion News Desk - India


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