In the first half of 2011, Vietnamese footwear production witnessed an increase of more than 30 percent over the same period last year. Footwear remains one of Vietnam’s key exports, ranking third after textiles and crude oil, with its revenue reached nearly US$3 billion. Domestic consumers have changed their tastes from buying cheaper rubber sandals [...]
Monthly leather and footwear exports for the first time exceeded the threshold of US$600 million in June, according to the General Statistics Office. June’s export earnings of $610 million lifted the industry’s exports in the first six months of the year to nearly $3 billion, up 31 per cent from the same period last year, [...]
Economic vulnerabilities have driven scores of footwear firms into dire straits. Leather shoe firm An Thinh had to outsource part of its orders to VitcoShoes – in Ho Chi Minh City – to be able to fulfill export contracts on time since it faced a dearth of workers. Scores of footwear firms are struggling with [...]
Vietnam earned over US $1.74 billion from shipping footwear abroad in the first four months of this year, making a year-on-year increase of 26.4 percent, according to the general Statistical Office (GSO). The GSO said that the EU remains the biggest footwear importer of Vietnam with US $511 million in revenue in Q1 of this [...]
The leather and footwear industry will be a national key export in 2020, according to a new development plan published by the Ministry of Industry and Trade (MoIT) for the industry up to 2020, toward 2025. By 2015 the ministry is estimat to earn US$9.1 billion in export turnover. MoIT hopes the turnover will increase [...]
In the face of world economic slump, Vietnam’s export turnover in 2009 fell by 11 percent against 2008, posing a great challenge for the export-oriented country. Light at the end of the tunnel The global economic and financial crisis has seriously affected the footwear sector as 90 percent of its products are made for export. [...]
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