A meeting was held between Indian and Vietnamese leather industry executives in HCM City this week, and they sought to strengthen ties between the two leather powerhouses. – VNA/VNS Photo Viet Dung A visiting delegation of 30 executives from Indian leather companies have met with their Vietnamese counterparts in HCM City. The meeting on Thursday between two of the world’s top three footwear producers was organised by the Indian consulate in HCM City and the Viet Nam Leather Footwear and Handbag Association (LEFASO) in HCM City. The visitors, led by India’s Council for Leather Export, became acquainted with their Vietnamese counterparts and showcased their products as they sought potential partners. Diep Thanh Kiet, deputy chairman of LEFASO, said Viet Nam’s exports of footwear and handbags were worth US$17.96 billion last year, and this year’s target is $19.5 billion. The country is the second largest exporter of footwear, he said. Viet Nam imported … [Read more...] about Indian, Vietnamese leather companies seek stronger ties
Council of leather exports
India seeks to woo leather-footwear investors from Vietnam Van Nam and Ban Cao HCMC - India is calling for Vietnamese leather and footwear firms to explore business opportunities and set up shop in the South Asian country, Rafeeque Ahmed, chairman of India’s Council for Leather Exports, told a business matching session in HCMC last week. Ahmed said that under the high-profile “Make in India” program, the Indian government is paying more attention to the leather and footwear sector, so this is the right time for Vietnamese firms to come to set up shop to meet demands of India and exporting markets. Ahmed said Vietnamese leather and footwear businesses should not miss opportunities in a huge market like India. The size of India’s footwear market is US$6.5 billion this year and is forecast to rise to US$12 billion in 2020, he added. India is considered the world’s second-largest footwear producer with around 2.2 billion pairs each year and 95% of the … [Read more...] about India seeks to woo leather-footwear investors from Vietnam
Indian leather and footwear businesses have only recently discovered Viet Nam is a huge market while their Vietnamese counterparts import massive quantities of leather but little from India. A female worker produces sport shoes for domestic and foreign markets at Vinh Yen Shoes Company in Vinh Phuc Province's Vinh Yen City. Viet Nam imported US$5 billion of leather and accessories in 2015. Last year Viet Nam imported US$5 billion worth of leather and accessories, only 5 per cent of it from India, the second largest global producer of leather and footwear. Viet Nam exports 850 million pairs of shoes every year but faces a severe shortage of raw materials, especially processed leather. Diep Thanh Kiet, vice chairman of the Viet Nam Leather, Footwear and Handbag Association, asked his Indian counterparts at a meeting on Thursday on the sidelines of the 2016 Show and Leather Fair in HCM City attended by 41 Indian firms: "Indian leather has good price and quality; why cannot we buy … [Read more...] about Indian leather industry eyes huge Vietnamese market
Despite many challenges to be faced in 2006, Vietnamese footwear enterprises will make any efforts to seek new markets in order to reach 3.7 billion USD of export this year. Chairman of Vietnam Footwear Association Nguyen Gia Thao said that the footwear industry has worked out an overall strategy towards reaching the target of export turnover this year. In the short term, the sector will focus on human resource development, infrastructure improvement, and invest in producing materials to reduce prices. In particular, enterprises will carry out both export and various activities to advertise their products and trademarks, thus improving their image on new markets. In 2006, Japan will still be the largest Asian market for Vietnamese footwear. Last year saw a rather high growth of exports to this market, increasing 75%. Vietnamese footwear makers will research market information, diversify products, boost trade promotion by actively participating in fairs, exhibitions as well as asking … [Read more...] about 3.7 billion USD of footwear exports in 2006
I. ECONOMY 1. Manufacturing: 1.1. Industrial manufacture: - Estimated value of industrial manufacture in 4/2009 is VND 6,405.5 billion (fixed price in 1994), up 1.4% against last month. The first four months reach VND 24,982.5 bil, achieving 27,2% of the plan and up 6,9% compared with the same period last year. a/ Central state industrial sector: Estimated value of industrial manufacture in 4/2009 is VND 674.9 billion, equal to 96.2% last month; the first four months reach 2,446.5 bil, achieving 25.4% of the plan, equal to 95.2% the same period last year. … [Read more...] about Socio-Economic Overview in April 2009 and the first four months of 2009; Some key tasks in May 2009.