Apparel, footwear firms urged to tie up to boost competitivenessQuoc Hung By Quoc Hung - The Saigon Times Daily HCMC – Experts have called for domestic enterprises in the apparel and footwear sectors to strengthen tie-ups for co-existence and growth at a time when Vietnam is intensifying international integration. At a seminar in HCMC last week on how the apparel and footwear sectors could make the most of opportunities from the Trans-Pacific Partnership (TPP) trade pact, experts said cooperation would enable businesses to join the global value chain. Competing with one another would benefit no one, they told the seminar organized by the Vietnam Association of Foreign-Invested Enterprises and Dau Tu newspaper. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), expressed concern that many businesses have not made good preparations to benefit from the free trade agreements (FTAs) which Vietnam has signed. “Now a lot of enterprises have little or no … [Read more...] about Apparel, footwear firms urged to tie up to boost competitiveness
Footwear
HCMC to host VN Footwear Summit
HÀ NỘI — The Việt Nam Footwear Summit 2018 will take place from March 21-22 at The Reverie Sài Gòn Hotel in HCM City. This year’s summit, themed “Development model for footwear factories in the new context,” is estimated to draw more than 300 domestic and international participants. Phan Thị Thanh Xuân, vice chairwoman and general secretary of the Việt Nam Leather, Footwear and Handbag Association (Lefaso), said the event would bring together leading experts in the footwear sector to exchange new trends and models in the fashion industry. Through the conference, participating enterprises will capture trends of the footwear industry across the world, such as the application of new materials, automation technology, information technology and cost management solutions, as well as energy consumption, fulfilling environmental requirements, social responsibility and the macro policies of … [Read more...] about HCMC to host VN Footwear Summit
HCM City to host Vietnam Footwear Summit 2018
The Vietnam Footwear Summit 2018 which will take place at Saigon Reverie Hotel, Ho Chi Minh City from March 21-22, will discuss new trend and growth models in footwear industry. Vietnam’s footwear industry has enjoyed giant stride thanks to the bilateral and multilateral trade agreements and the fourth industrial revolution. According to Phan Thi Thanh Xuan, Vice President and General Secretary of the Vietnam Leather, Footwear and Handbag Association (Lefaso), the event is expected to help local businesses grasp international footwear development trend, apply new materials and information and technology (IT) to slash costs and meet environmental requirements. Provided with sufficient information from foreign experts, local firms will be able to pen vision and development strategies, she said, adding that they will have chance to meet with customers from 20 countries worldwide. Vietnam’s footwear industry has enjoyed giant stride thanks to the bilateral and … [Read more...] about HCM City to host Vietnam Footwear Summit 2018
Footwear industry signals higher export target for this year
In 2017, leather and footwear exports increased by 10.7% to US$17.93 billion, of which footwear made up US$14.67 billion (a year-on-year rise of 12.8%) and bags and suitcases accounted for US$3.26 billion (up 2% compared to the previous year).Last year, the foreign direct investment (FDI) sector remained on upward trend and contributed a whopping 80.6% to the industry’s total export revenue.The US topped the importers with US$5.835 billion in the first 11 months of 2017, trailed by the EU with US$4.949 billion. China surpassed Japan to become the third largest consumer of Vietnamese products with a value of nearly US$1.2 billion. Exports to Germany and Japan reached US$1.046 billion and nearly US$1 billion, respectively.Vietnamese footwear and handbags have made a foray into more than 100 countries in the world with 72 markets having an import value of over US$1 million each.However, Lefaso Secretary General Phan Thi Thanh Xuan says the industry still faces four major challenges … [Read more...] about Footwear industry signals higher export target for this year
Footwear industry expects to earn US$20 billion from exports this year
In 2017, leather and footwear exports increased by 10.7% to US$17.93 billion, of which footwear made up US$14.67 billion (a year-on-year rise of 12.8%) and bags and suitcases accounted for US$3.26 billion (up 2% compared to the previous year).Last year, the foreign direct investment (FDI) sector remained on upward trend and contributed a whopping 80.6% to the industry’s total export revenue.The US topped the importers with US$5.835 billion in the first 11 months of 2017, trailed by the EU with US$4.949 billion. China surpassed Japan to become the third largest consumer of Vietnamese products with a value of nearly US$1.2 billion. Exports to Germany and Japan reached US$1.046 billion and nearly US$1 billion, respectively.Vietnamese footwear and handbags have made a foray into more than 100 countries in the world with 72 markets having an import value of over US$1 million each.However, Lefaso Secretary General Phan Thi Thanh Xuan says the industry still faces four major challenges … [Read more...] about Footwear industry expects to earn US$20 billion from exports this year
VN wants footwear, bags to yield $20b
A worker makes leather shoes for export at the Sao Viet Co factory in Dong An Industrial Park, Southern Binh Duong Province.— VNA/VNS Photo Duong Chi Tuong Viet Nam has set a goal of earning between US$19.5 billion and $20 billion from footwear, bags and suitcases in 2018, up 10 per cent and 12 per cent from 2017. These targets may be not out of reach thanks to an encouraging export performance last year and a positive market forecast for 2018, said Nguyen Duc Thuan, chairman of the Viet Nam Leather, Footwear and Handbag Association (Lefaso) at a conference in the capital city last week. Meanwhile, the association’s vice president, Phan Thi Thanh Xuan, said positive signs in the world’s economy and increasing consumption demand would create favourable conditions for domestic firms in exports and investment. According to Lefaso, the industry is expected to grow 5 per cent from last year, with the localisation rate reaching 55 per cent. Footwear will remain Viet … [Read more...] about VN wants footwear, bags to yield $20b
Footwear sector targets US$20 billion from exports in 2018
The Hanoitimes - Export turnover from Vietnam’s leather and footwear products in 2018 is set to rise 10 percent against last year to US$20 billion, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso). Lefaso’s vice chairwoman Phan Thi Thanh Xuan forecast that positive signs in the world’s economy and increasing consumption demand would help footwear and handbags remain Vietnam’s top four and ten foreign currency earners, respectively, in 2018. Footwear is forecast to be among Vietnam’s top four export items this year The industry is also expected to grow 5 percent from last year, with the localization rate reaching 55 percent. Xuan said that to help Vietnamese exporters meet the targets, the association will actively participate in relevant policy making while luring foreign and domestic investment in support industry, thus increasing the localization rate and ensuring sustainable development. Besides hosting … [Read more...] about Footwear sector targets US$20 billion from exports in 2018
Leather, footwear sector targets USD20 billion in export earnings
According to the Vietnam Leather, Footwear and Handbag Association (LEFASO), the leather and footwear industry is expected to grow 5 percent from last year, with the localisation rate reaching 55 percent. Footwear and handbags will remain Vietnam’s top four and 10 exports, respectively.Leather, footwear sector targets USD20 billion in export earnings (Source: VNA)Addressing the event, LEFASO Vice President Phan Thi Thanh Xuan highlighted positive signs in the world’s economy and increasing consumption demand, saying that these create both favourable conditions and challenges to Vietnam in exports and investment.In order to help Vietnamese exporters realise the target, the association will actively participate in relevant policy making while luring foreign and domestic investment in support industry, thus increasing the localisation rate and ensuring sustainable development.It will host trade promotion events, workshops, and training classes to improve the management … [Read more...] about Leather, footwear sector targets USD20 billion in export earnings
Leather, footwear sector sets US$20 bln export target
According to the Vietnam Leather, Footwear and Handbag Association (LEFASO), the leather and footwear industry is destined to increase by 5% from one year earlier, with the localisation rate of 55%. Footwear and handbags will remain Vietnam’s top four and 10 export items, respectively.In her remark at the conference, LEFASO Vice President Phan Thi Thanh Xuan highlighted positive signs in the world economy and growing consumption demand, which have provided favourable conditions and posed challenges to Vietnam's exports and investment.To actualize the target, the association has been urged to engage in relevant policy making, attract more foreign and domestic investment in support industry, thus increasing the localisation rate and ensuring sustainable development.Trade promotion events, workshops, and training classes are planned to improve the management capability of enterprises, and attend international trade fairs, Thanh said.In 2017, the sector fetched US$18 billion … [Read more...] about Leather, footwear sector sets US$20 bln export target
Leather, footwear sector targets 20 bln USD in export earnings
Leather, footwear sector targets 20 billion USD in export earnings (Source: VNA) Hanoi (VNA) – Vietnam sets a target of earning between 19.5 - 20 billion USD from leather and footwear exports in 2018, up 10 percent from 2017, heard a conference in January 12. According to the Vietnam Leather, Footwear and Handbag Association (LEFASO), the leather and footwear industry is expected to grow 5 percent from last year, with the localisation rate reaching 55 percent. Footwear and handbags will remain Vietnam’s top four and 10 exports, respectively. Addressing the event, LEFASO Vice President Phan Thi Thanh Xuan highlighted positive signs in the world’s economy and increasing consumption demand, saying that these create both favourable conditions and challenges to Vietnam in exports and investment. In order to help Vietnamese exporters realise the target, the association will actively participate in relevant policy making while luring foreign and domestic … [Read more...] about Leather, footwear sector targets 20 bln USD in export earnings