Leather footwear businesses boost exports

(VOV) – Leather footwear businesses have won an export order for 2011 and are negotiating new orders for next years, according to the Ministry of Industry and Trade (MoIT).

It is forecast that the leather and footwear sector can achieve an export turnover of US$6 billion this year.

In the first nine months, total export earnings from footwear products reached US$4.8 billion, up 30 percent against the same period last year. Accordingly, in the last four months, the leather and footwear sector’s export revenue stayed at US$550-640 million per month, showing a sharp increase from May.

This was attributed to the fact that the European Commission (EC) had removed anti-dumping tariffs on leather-capped shoes imported from Vietnam.

According to trade experts, the leather and footwear sector has maintained its stable growth with its products, ranking third after garments and textiles and crude oil among Vietnam’s key export items.

At the moment, leather footwear businesses are running short of labourers and facing high costs of transportation and services.

Tags: Vietnam Leather footwear

Posted by VBN on Sep 29 2011. Filed under Garment Textile, Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry