Footwear exports show 7.65% rise to $1.7bn in 7 months
29 Jul '05
1 min read
Vietnam's footwear exports earnings went up 7.6 percent to amount $1.7 billion in first seven months of 2005. Rise in earning has been atrributed to rapidly expanding market of the European Union, the US, Japan, and Africa.
Exports to the US stood at $260 million in the first half of the year, a 30 percent year-on-year increase with a promise to increase in the coming months.
Imports be European countries like Italy and Spain are also increasing. During January-March period, export earnings reached $36.5 million of which almost $19.4 million were accrued from footwear exports to Italy and Spain, up 13 and 19 percent, respectively.
In Asia, currently Japan is Vietnam's largest footwear importer with Vietnam coming third behind China and Italy in exporting footwear to Japan. Vietnam hopes to cross the targetted of earning $80 million from the Japan this year.
Vietnam's footwear exports to this continent surged by 175 percent to 5.81 million USD in the January-April period, after entering Africa in 2004.