VN is world’s second largest shoes exporter

Of 23 billion pairs of shoes sold worldwide in 2017, Viet Nam exported over one billion pairs, continuing to maintain the second position (after China) in shoes export. According to the latest statistics of the World Footwear Magazine in 2017, Viet Nam continued to rank second among the top 10 largest footwear exporters, with 1.02 billion pairs of shoes, equivalent to 7.4 per cent of the global footwear supply, said Diep Thanh Kiet, vice chairman of the Viet Nam Leather, Footwear and Handbag Association (LEFASO). China still maintained the top position in exporting shoes, with 9.31 billion pairs, representing 67.3 per cent of the total 23 billion pairs of shoes the world consumed in 2017. Asia continued to be recognised as the world’s leading region in the production and consumption of footwear throughout the world. Meanwhile, the United States was the largest footwear importer; the country imported 2.34 billion pairs of shoes last year, accounting for 19.6 per cent of global footwear consumption. Export of Viet Nam’s backpacks and handbags continued to rise, to make it to the top five countries exporting these products in the world today. In 2017, the export turnover of backpacks and handbags in Viet Nam was estimated at US$3.3 billion, accounting for 5.5 per cent of global production, but only about one-seventh as compared to China’s supply. Kiet said the biggest challenge for the domestic footwear-handbags industry was the low level of technology application in management and production, as compared to regional and foreign direct… [Read full story]

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