Vietnam Footwear Exports +13.8% to $2.75B in Jan-July

Vietnam is estimated to have raked in $2.75 billion from exporting footwear products in the seven months of 2010, rising 13.8% from a year earlier, the General Statistics Office (GSO) said on July 26.

The country’s footwear exports in July have risen 29.8% on-year despite a decrease of 2.69% against June at $470 million.

Vietnam currently ranks the fourth in the world’s top ten footwear exporters. The Southeast Asian country targets to export $6.2 billion worth of footwear products this year.

The industry, however, is facing numerous difficulties, particularly the lack of workers and the dependence on imported materials.

Vietnam’s footwear exports are also suffering from self-defense measures by the European Union, Peru and Turkey.

The country is aiming to expand its footwear exports to other markets like the U.S., ASEAN member nations and its partners to take advantage of free trade areas set up between the bloc and related sides. -GSO

Tags: Vietnam Footwear Exports

Posted by VBN on Jul 31 2010. Filed under Garment Textile, 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