Leather and footwear exports reach $5.4 Billion

Leather and footwear exports in 2010 are expected to reach US$5.4 billion, announced the Vietnam Leather and Footwear Association. In the first 9 months of this year, the sector’s export revenue is estimated to have reached US$3.6 billion, an increase of 23.1 % over 2009. The EU remains the leading importer, followed by the US, Mexico, Brazil and Japan. According to Ministry of Industry and Trade, Vietnam’s leather and footwear exports have grown healthily over last year due to the world’s economic recovery. The country is currently the fourth largest exporter in the world. However, the sector depends on imported raw materials, equipment and capital. Therefore, the Vietnam Leather and Footwear Association has submitted to the Government a new strategy of development till 2020, in which the rate of domestic materials used will reach between 65-75 % compared with 50 % at present. – VOV

Tags: Vietnam Footwear, Vietnam Footwear Exports, Vietnam leather exports

Posted by VBN on Oct 8 2010. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry