Several leading footwear companies in Vietnam have secured contracts extending through mid-2025, according to Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather, Footwear, and Handbag Association (LEFASO).
A series of exhibitions in the textile and apparel sector simultaneously opened at Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City on September 25.
Prime Minister Pham Minh Chinh and visiting Mozambican President Filipe Jacinto Nyusi on September 9 discussed and agreed on specific measures to further promote cooperation between the two countries.
The 24th International Shoes & Leather Exhibition and the International Footwear and Leather Products Exhibition (IELE- Vietnam) kicked off at the Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City on July 10, showing a variety of shoe making and tanning machinery and technologies, leather and other materials, shoe components and accessories, and finished products.
Vietnam ranked second in the world, just after China, in footwear exports, with 1.5 billion pairs shipped overseas and a presence in 150 markets in 2022. Footwear exports last year brought in over 20.2 billion USD, marking the 26th consecutive year, since 1998, that footwear exports have been in the billion-dollar category.
In the first 11 months of 2023, seven commodities of Vietnam posted export value of over 10 billion USD, accounting for over 60% of the country's total export turnover.
Statistics of the General Department of Customs showed that the export of garments fell by 12.9% to 27.7 billion USD in the first ten months of this year, and that of footwear by 18.3% to 16.4 billion USD.
The southern province of Dong Nai posted a trade surplus of 4.8 billion USD with its export earnings and import turnover reaching more than 17.8 billion USD and over 13 billion USD in the first 10 months of 2023, respectively.
The September CPI in Ho Chi Minh City increased by 0.56% from August, with rises seen in the prices of eight out of 11 groups of commodities used to calculate the index.
Five commodities posted an export value of more than 10 billion USD in the first seven months of this year, making up 57.6% of Vietnam’s total exports.
Products of the processing and manufacturing industry of Vietnam now have great chances to enjoy stronger export to the UAE, which has high demand for imports.
Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry.
Vietnam supports the Federation of the European Sporting Goods Industry (FESI) to develop its production system of footwear and sporting goods in the country, said Minister of Industry and Trade Nguyen Hong Dien on December 14.
With ten-month positive results, Vietnam’s major currency earners like aquatic products, rice, coffee, footwear and handbags are very likely to exceed their export revenue targets set early this year.
Hanoi’s firms operating in the supporting industry are developing strongly, reflected through the continuous increases in the number of businesses, their scale and quality. However, according to economists, the capital city still needs specific policies to make the sector grow further.
The National Minimum Wage Council of Cambodia on August 15 started talks to consider raising minimum wage for workers in the textile, garment, footwear and travel products and bags industries for 2023, reported the Khmer Times.
Surmounting the tensest period caused by the COVID-19 pandemic, a number of enterprises have regained growth momentum. However, rising input costs are affecting their performance.
