Australia – Potential market for Vietnamese garments, footwear

Hanoi (VNA) – A conference
introducing export potential of Vietnam’s garments, handbags and leather
footwear to the Australia market was held in Hanoi on July 10. 

The event, co-held by the Hanoi Investment,
Trade and Tourism Promotion Agency and Australia International Exhibition and
Conference Group (IEC), brought together over 60 Hanoi-based businesses operating
in the fields of garment, textiles, leather footwear and fashion, along with associations
and organisations which have high export demand to Australia and New Zealand. 

At the conference, participants were briefed on
Southeast Asia’s garment and textiles market and Australia and New Zealand’s
import potentials for garment, textiles and leather products. 

The conference was a good opportunity for
Vietnam export businesses to broaden their network with Australia partners,
thus increasing availability of Vietnamese goods in the market, said Nguyen Mai
Anh, deputy director of the agency.

Meanwhile, IEC Director Julie Holt said Australia
boasts great purchasing power although its population is less than the US and
Europe, adding that Vietnam ranked second among countries exporting footwear
products to Australia with export turnover of 32 million AUD. 

The director also noted that Vietnamese firms
should follow international standards to meet requirement of importers.

According to data the General Department of
Vietnam Customs, in the first quarter of 2017, two-way trade between Vietnam
and Australia reached 1.35 billion USD. Vietnam exported 687 million USD worth
of goods to Australia, up 8.3 percent, while importing 665 million USD worth of
products from the market, down 18.6 percent compared to the same period last
year. 

During the reviewed period, Vietnam raked in 50
million USD from footwear exports to Australia, up 24.6 percent and 42 million
from garment and textile products, up 13.6 percent. -VNA



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