Exports of leather and footwear likely to reach US$21.5 billion this year
Illustrative image
During the first ten months of 2019, the output of leather shoes stood at an estimated 246.4 million pairs, representing a year-on-year increase of 8.6 per cent with export turnover reaching US$14.6 billion, a 11.2 per cent on-year rise.
Most notably, the signing of a number of free trade agreements (FTAs) such as the EU-Vietnam Free Trade Agreement, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has served to create greater opportunities for the nation’s leather and footwear industry. These FTAs have helped to make Vietnam a more attractive destination for investment, as well as boosting exports to the EU market and CPTPP signatories.
Following its implementation earlier this year, the CPTPP has helped the footwear industry to expand into new markets such as Mexico and Canada.
Leather and footwear exports have been experiencing steady growth, with many positive signs present for the remainder of 2019 and future years as the country maintains its competitive advantages in traditional markets.
Related News
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market
09:04 | 24/12/2024 Import-Export
The wood industry seizes opportunities amid changes in the export market
11:22 | 16/12/2024 Import-Export
Seafood exports increase competitiveness through quality
10:24 | 09/12/2024 Import-Export
Latest News
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
More News
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export
Fruit and vegetable industry aims for $10 billion in exports by 2030
15:12 | 07/01/2025 Import-Export
GDP grows by over 7 per cent, exceeds target for 2024
15:11 | 07/01/2025 Import-Export
Vietnamese pepper: decline in volume, surge in value
15:10 | 07/01/2025 Import-Export
Việt Nam maintains position as RoK’s third largest trading partner
15:09 | 07/01/2025 Import-Export
Greater efforts to be made for stronger cooperation with European-American market
15:08 | 06/01/2025 Import-Export
Leather, footwear industry aims to gain export growth of 10% in 2025
15:06 | 06/01/2025 Import-Export
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises
14:53 | 06/01/2025 Import-Export
Việt Nam to complete database of five domestic manufacturing industries in 2026
20:57 | 05/01/2025 Import-Export
Your care
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export