Footwear exports likely to reach $6 bln

Vietnam ’s footwear exports are forecast to reach $6 billion in 2011, according to the Ministry of Industry and Trade.

In the first 10 months of 2011, footwear exports earned $5.11 billion, up 25.8 per cent year-on-year, ranking the item at the third place in terms of export turnover after garments and crude oil.

The growth was attributed mainly to the European Commission’s abolishment of anti-dumping duties against Vietnamese leather-capped shoes.

However, the volume of footwear exports to the EU decreased by 20-30 per cent last month due to the economic crisis in those countries. – VIR

Tags: Vietnam Footwear, Vietnam Footwear Exports

Posted by VBN on Dec 15 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