Affordable labor costs and free trade agreements with several countries are positioning the country in the pole position to attract foreign investment from some of the largest worldwide footwear players
The idea was defended by Di?p Thành Ki?t, Deputy Chairman at Lefaso, the Vietnam Leather, Footwear and Handbag Association, in a two-day Vietnam Footwear Summit in HCM City
Lefaso, the local Leather, Footwear and Handbag Association, is expecting foreign capital flows into the footwear industry to increase during the current year
According to Lefaso, the local association, Vietnam’s footwear exports in the first half of the current year have reached 7.06 billion US dollars, a 13.2% increase from similar period last year
Government representatives from Vietnam and Tanzania urged for stronger trade and investment ties between the two countries. In their view, footwear can highly contribute to this
According to the General Department of Customs in Vietnam, in the first six months of the year, exports of footwear increased by 11% from similar period in 2016
The facility, inaugurated at the Lefaso Centre in Binh Duong, was set up as part of a new collaboration between the two countries and aims to promote research and development of leather-shoe products
According to the Indonesia Investments Agency players in the country are concerned with the sharp growth of footwear imports. The growth rate of footwear imports is outpacing the growth of exports
The Asian country is one of the main footwear producers and exporters, and the US the largest consumer market for shoes. In 2016 Vietnam's footwear exports to the US grew by 9%
According to Lefaso, using statistics from the Vietnam’s Customs, footwear exports in 2016 are estimated to reach 13 billion US dollars, increasing by 8.3% from the previous year
The words are from Matt Priest, President and CEO footwear association Footwear Distributors and Retailers of America, reacting to the US withdrawal from the TPP signed today
Estimates point to a single-digit export growth for the sector in 2016, as a result of political instability around the world and strong competition from other Asian footwear exporting countries
Total footwear sales abroad in the first six months of the year reached 6.23 billion US dollars rising from a total of 5.88 billion US dollars for the same period in 2015
That is the belief of the Chamber of the Footwear Industry of the State of Guanajuato (CICEG), which presented a new study on the TPP impacts on the footwear industry in Mexico