Under statistics from the General Department of Customs, export value reached 6.5 billion USD in 2011, 7.3 billion USD in 2012, 8.4 billion USD in 2013, 10.3 billion USD in 2014, 12 billion USD in 2015 and 13 billion USD in 2016. Vietnam’s export value for leather and footwear gained 57.5 billion USD during 2011-16 The statistics revealed that during these years, the cycle of footwear exports usually witnessed growth in the second quarter and reached the highest level in the third quarter. In 2016, average export value of the products reached 1.08 billion USD per month. The US has been the leading footwear export market of Vietnam, accounting for 30 percent of the industry’s total export value. Footwear export value made up 11 percent of Vietnam’s total export value to the US. In 2016, the US was the largest footwear export market of Vietnam with turnover of 4.48 billion USD, up by 10 percent against the previous year. The second place went to the Chinese … [Read more...] about VN gains almost 60bln USD in footwear export
Footwear export from india
Viet Nam's export value for leather and footwear gained stable growth every year during the 2011-16 period to reach US$57.5 billion in total. The statistics revealed that during these years, the cycle of footwear exports usually witnessed growth in the second quarter and reached the highest level in the third quarter. In 2016, average export value of the products reached $1.08 billion per month. The US has been the leading footwear export market of Việt Nam, accounting for 30 per cent of the industry's total export value. Footwear export value made up 11 per cent of Việt Nam's total export value to the US. In 2016, the US was the largest footwear export market of Việt Nam with turnover of $4.48 billion, up by 10 per cent against the previous year. The second place went to the Chinese market with export value of $904.9 million, followed by Belgium with a value of $825.4 million, Germany with $764.7 million and Japan with $674.9 million. In terms of region, the EU was the largest … [Read more...] about 2011-2016: VN gains almost $60b in footwear export
Vietnam's footwear exports reduced by 0.4 percent in April compared to the previous month to 260 million USD, mainly due to the punitive tariffs imposed by the European Commission (EC) on Vietnamese leather shoes since April 7, according to the Ministry of Trade (MoT). Shoes shipments to large markets including the US and Canada have been increasing, but the fall in orders from Europe, which usually accounts for two-thirds of Vietnam's footwear exports - have lessened the total revenues. The EC duties have caused a host of difficulties for Vietnamese footwear makers, as local leather shoes have become less competitive, said Nguyen Duc Thuan, vice chairman of the Vietnam Leather and Footwear Association (Lefaso). He added the EC's preliminary decision has put local shoe exporters in greater difficulties in competing with rivals from Thailand, the Philippines and India to gain orders from the EU. However, domestic shoemakers have managed to gain increasing orders of children's and sports … [Read more...] about April’s footwear export falls 0.4 percent due to EC’s duties
(VEN) - The Ministry of Industry and Trade will send 15 businesses to India and Bangladesh to launch trade promotion events from December 17-24 in New Delhi and Dhaka. Specifically, most Vietnamese participants are in the areas of telephones, accessories, machinery, equipment, spare parts, rubber, coffee, pepper, pharmaceuticals, fiber, cashew nuts, plastic materials, animal feed, animal feed materials, corn, cotton, clinker cement, chemicals and textile and garment materials. The visit will provide opportunities for businesses to promote trade exchange, seek cooperative opportunities with Indian and Bangladesh partners to boost Vietnamese exports to these markets. India, a potential trade partner India is the largest market in Southern Asia and Vietnam's sixth largest trade partner. Two-way trade between Vietnam and India grew rapidly and steadily, particularly after the ASEAN-India Trade in Goods Agreement (AITIG) was concluded in 2009. Bilateral trade reached about US$4 … [Read more...] about Motivating exports to India, Bangladesh
Strong growth in footwear exports to U.S. Tran Thu By Tran Thu - The Saigon Times Daily HCMC – Vietnam’s footwear exports to the U.S are growing fast and projected to hold bigger share in this market while such products of China shipped to America are declining. Matt Priest, chairman of the Footwear Distributors and Retailers of America (FDRA), told a conference on how to enhance business efficiency of footwear factories held in HCMC on November 10 by the Vietnam Leather and Footwear Association (Lefaso) that Vietnam’s footwear exports to the U.S. had edged up nearly 16.5% this year. Meanwhile, America’s footwear imports inched up 1.6% only while China’s footwear shipments to the U.S. slid 4.4%. In addition to Vietnam, footwear exports of India, Cambodia and Ethiopia to the U.S. enjoyed good growth as well. Priest said market share of Vietnam’s footwear in the U.S. is forecast to climb to 12% in 2018 from the 10% recorded last year. However, … [Read more...] about Strong growth in footwear exports to U.S.