Footwear

VFM events attract many visitors and exhibitors An important destination At a meeting with Deputy Prime Minister Vuong Dinh Hue in June this year, Chris Helzer, vice chairman of US-based Nike Inc., said in 2020 Nike will celebrate 25 years of operation in Vietnam, affirming that this is the most important market of Nike in production and export with up to 50 per cent of Nike products worldwide being manufactured in the country. Nike also highly values the quality of the Vietnamese workforce which has contributed to the success of the world’s leading sportswear manufacturer. Last year, Kasper Rorsted, CEO of Adidas, told shareholders that factories in Vietnam turned out 44 per cent of the total number of footwear of Adidas in 2017, up from 31 per cent in 2012, while Chinese suppliers accounted for 19 per cent, down from over 30 per cent in 2012. Apart from Nike and Adidas, many other well-known footwear and sportswear brands in the world have boosted their subcontracting and … [Read more...] about An expo for Vietnamese footwear to stride forward

At the event (Photo: VNA)   Sydney (VNA) – Vietnam’s leather, footwear and handbags were lauded to be comparable to those made in China, Pakistan, India, Singapore, Indonesia and South Africa during an international fair held in Melbourne city, Victoria state of Australia from November 12 – 14. Led by the Vietnam Leather, Footwear and Handbag Association (LEFASO), the delegation of participating Vietnamese enterprises introduced their well-known brands at 14 stalls. As the largest-scale international fair in Australia, the event featured hundreds of stalls by more than 700 manufacturers and companies around the world, and attracted about 4,000 foreign visitors. During the first day of the fair, several contracts with Vietnamese exhibitors were reached, notably the one by CNES to open an agent in Melbourne. LEFASO Vice Chairwoman Phan Thi Thanh Xuan suggested Australian businesses pay more attention to tapping the Comprehensive and Progressive Agreement … [Read more...] about Vietnam’s leather, footwear lauded at int’l fair in Australia

Vietnam's leather and footwear products were on display at the 21st International Leather and Shoes Exhibition in HCM City (Photo: baochinhphu.vn)   Hanoi (VNA) – Vietnam’s export turnover from leather products and footwear is estimated to hit 21.5 billion USD in 2019, a year-on-year rise of 10 percent, said the Vietnam Leather, Footwear and Handbag Association (LEFASO). The growth is attributed to growing demand for leather products and footwear in Vietnam’s major export markets in the remaining months of the year. Vietnam’s footwear products have been shipped to more than 100 countries and territories worldwide, with export earnings to half of them raking in more than 1 million USD each. Vietnam is currently the world’s second largest footwear exporter and the footwear sector has greatly contributed to the country’s economic development. LEFASO’s statistics illustrated that leather products and footwear export revenue … [Read more...] about Leather product, footwear exports likely to fetch 21.5 billion USD

Vietnam gains nearly 14.5 billion USD in footwear and handbag exports in the first eight months of 2019 (Photo: VNA) Hanoi (VNA) - Vietnam’s export turnover from footwear products and handbags reached nearly 14.5 billion USD in the first eight months of 2019, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO). Of the value, exports of footwear products were close to 12 billion USD, while that of handbags reached 2.475 billion USD, up 13.1 and 10.9 percent year on year, respectively. Exports to top markets of Vietnamese footwear products saw increases compared to the same period last year, with the US market growing 13.5 percent, the EU, over 10.1 percent; and Japan, 11.8 percent. LEFASO projected Vietnam to earn 21.5 billion USD from leather products and footwear this year, a year-on-year rise of 10 percent. It also predicted the sector’s production will grow by 10-11 percent.-VNA VNA … [Read more...] about Footwear, handbag exports reel in nearly 14.5 bln USD in eight months

Textile, garment and footwear products made in Vietnam will not enjoy immediate tariff cuts after the EU-Viet Nam Free Trade Agreement (EVFTA) comes into effect. Workers of Duc Giang Garment Co Ltd in Ha Noi cut and sew garments for export to the European market. According to a report from Bao Viet Securities Joint Stock Company (BVSC), after the EVFTA comes into effect, Most Favoured Nation (MFN) tariffs will automatically replace the Generalised System of Preferences (GSP) rates which the EU has applied for developing and underdeveloped countries. This means for the first few years of EVFTA's implementation, most local garment and footwear products will not benefit from the EVFTA because MFN rates for those products are higher than GSP rates of 9 per cent for garment products and 3-4 per cent for footwear products at present. Specifically, most apparel products that Viet Nam has been exporting to the EU will see export tariffs eliminated gradually from the MFN tariffs of 12 … [Read more...] about VN garment and footwear firms will have to wait for EVFTA benefits