Vietnam eyes $1B from footwear exports by end-2010

Vietnamese footwear companies are expected to earn between $600,000 and $1 billion from exports for the rest months of this year, to meet its target for $6.2 billion in 2010, said the Vietnam Leather & Footwear Association (LEFASO VN).

The association was cited by the Vietnam News Agency as saying that domestic footwear factories have run at their full capacity to meet already sign contracts.

Vietnamese firms exported $4.6 billion worth of footwear in the first ten months of this year, meeting 74% of the year’s plan, the LEFASO VN said.

The export revenues increased more than 25% from a year earlier thanks to global growing demand as a result of economic recovery, the association added.

Tags: Vietnam Footwear Exports

Posted by VBN on Nov 4 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