According to the Vietnam Leather, Footwear and Handbag Association (LEFASO), the leather and footwear industry is expected to grow 5 percent from last year, with the localisation rate reaching 55 percent. Footwear and handbags will remain Vietnam’s top four and 10 exports, respectively. Leather, footwear sector targets USD20 billion in export earnings (Source: VNA) Addressing the event, LEFASO Vice President Phan Thi Thanh Xuan highlighted positive signs in the world’s economy and increasing consumption demand, saying that these create both favourable conditions and challenges to Vietnam in exports and investment.In order to help Vietnamese exporters realise the target, the association will actively participate in relevant policy making while luring foreign and domestic investment in support industry, thus increasing the localisation rate and ensuring sustainable development. It will host trade promotion events, workshops, and training classes to improve the management capability of enterprises, and attend international trade fairs. In 2017, the sector earned USD18 billion from exports, up 10.7 percent from 2016./. CPV/VNA
Illustrative image (Source: VNA) Hanoi (VNA) – Theleather and footwear sector forecasts that its export earnings can reach 18billion USD this year, up more than 10 percent from 2016, while manufacturingindex would grow by 5 percent. According to experts, orders for footwearand bag processing may be diverted from factories in China to those in Vietnam.The shift is attributable to China’s cut back on incentives for investment in garmentand footwear sector to focus on high technology. Another factor is the Vietnam-EuropeanUnion free trade agreement which will take effect in 2018 and afford Vietnamesefootwear makers more chances to boost export. The Vietnam…... [read more]
According to the Vietnam Leather, Footwear and Handbag Association (LEFASO), the leather and footwear industry is destined to increase by 5% from one year earlier, with the localisation rate of 55%. Footwear and handbags will remain Vietnam’s top four and 10 export items, respectively.In her remark at the conference, LEFASO Vice President Phan Thi Thanh Xuan highlighted positive signs in the world economy and growing consumption demand, which have provided favourable conditions and posed challenges to Vietnam's exports and investment.To actualize the target, the association has been urged to engage in relevant policy making, attract more foreign and domestic investment in…... [read more]
China’s devaluation of its currency, the yuan, has not exerted much impact on the garment-textile and leather-footwear sectors, said the Ministry of Industry and Trade of Vietnam. The ministry said natural fabric output was estimated to reach 26.5 million square metres in August 2015, up 8.9 percent year on year; synthetic and artificial fabric output was forecast at 54.5 million square metres, down 10.8 percent year on year; and apparel output was projected at 294.8 million pieces, up 9.4 percent year on year. In the first eight months, natural fabric output was estimated at 197.5 million square metres, up 3.2 percent…... [read more]
(VOVworld) Last year, Vietnam earned 14 billion USD from garment and textile exports, one-year increase of 30%. This year, despite the global economic recession, the sector has maintained its position as Vietnam's export leader. Garments and textile sector targets 15 billion USD of export turnover in 2012 Despite a slumping world economy, Vietnam's apparel sector remains one of the country's top 5 hard currency earners. The Vietnam Textile and Apparel Association says that in 2010 the industry's export revenues totaled 11.2 billion dollars, in 2011, more than 13.5 billion dollars, and this year could reach 15 billion dollars. Many companies…... [read more]
Agriculture sector targets 33 billion USD from exports in 2017 (Source: VNA) Hanoi (VNA) – The agriculture sectorwill have to make greater efforts to fulfil three major targets set for thisyear with responsibility given to leaders of each units.Minister of Agriculture and Rural DevelopmentNguyen Xuan Cuong made the affirmation at a conference in Hanoi on June 30 toreview the sector’s performances in the first half of this year and lay out orientationsfor the second half.The targets include a growth rate of 3.05percent, 33 billion USD in export turnover of agro-forestry-aquatic products,and 31 percent of the country’s communes nationwide meeting the…... [read more]
