HA NOI (Biz Hub)— The domestic leather and footwear industry should work to build up its raw material supply chains to ensure sustainable future development.That was the suggestion from the Ministry of Industry and Trade in a recent statement offering growth advice.The industry needed to invest more in raw materials as it was too reliant on imported parts, the ministry said, adding this meant the sector was vulnerable to price volatilities in the world market.The ministry also encouraged footwear producers to restructure and expand retail networks, while paying more attention to advertising their trademarks in the international arena and seeking new export outlets.The country's footwear exports hit US$2.25 million over the past four months, up 9 per cent year-on-year, according to the ministry's statistics.Local experts said the industry had enjoyed favourable conditions for boosting exports as most local businesses received steady orders for the second and third quarters of this … [Read more...] about Local footwear firms urged to develop effective supply
Footwear
Luxury footwear brand debuts in VN
HA NOI (Biz Hub) — Gino Rossi, an international luxury leather footwear brand, officially entered the Vietnamese market with the launch of its first flagship store at Vincom Mega Mall Royal City, Ha Noi, late last week.Nguyen Thi Anh Ngoc, marketing director of the Euro-Asia Trade Joint Stock Company, which exclusively distributes Gino Rossi in Viet Nam, told Viet Nam News that the brand is targeted at middle and high-end customers, who are willing to pay for quality and unique footwear products.Later in December, a second Gino Rossi store will open at Union Square in HCM City, proving the brand's commitment to expand its presence nationwide.Founded in 1992, Gino Rossi is considered as one of the most valuable Polish-Italian brands and companies operating in the footwear sector, producing and selling top quality shoes and accessories. — VNS … [Read more...] about Luxury footwear brand debuts in VN
Local footwear exports surge
According to the Viet Nam Leather and Footwear Association (Lefaso), many Vietnamese producers are now turning to new markets, including the US and Japan, in addition to their traditional consumers in the EU. Statistics from the Viet Nam General Department of Customs show that the footwear export turnover hit US$1.73 billion by the end of March, or a year-on-year increase of 16.1 per cent, making it one of the country's key 10 export items with total earnings in the first quarter of 2013 surpassing $1 billion. The upcoming signing of the Viet Nam-EU Free Trade Agreement (FTA) and the Trans-Pacific Partnership (TPP) Agreement is expected to bring more advantages to the industry. The TPP alone will help Viet Nam penetrate into a larger market of 2.7 billion consumers that makes up half the global GDP. In addition, tariffs levied on imports to the US, one of Viet Nam's key markets, will be slashed to zero per cent from the current 14.3 per cent on average. Footwear and leather … [Read more...] about Local footwear exports surge
MoIT eyes change to footwear plan
Viet Nam’s development plan for the leather and footwear industry by 2025 with a vision towards 2035 needs to change, according to the Ministry of Industry and Trade (MoIT).The change was required to increase the value of Viet Nam’s leather and footwear products and reach sustainable and high growth in development, the ministry said.The plan will review development over the past five years to determine the potential and advantages of the leather and footwear industry as well as the challenges faced by the industry until 2025 with a vision towards 2035.Phan Chi Dung, head of MoIT’s Light Industry Department, said according to the revised development plan, the industry must ensure development with high growth rate and remain one of the key export industries in the domestic economy.Growth rate of the leather and footwear industry’s industrial production value will reach 11.62 per cent per year during the 2016-20 period and 8.87 per cent per year during the 2021-25 … [Read more...] about MoIT eyes change to footwear plan
Viet Nam ranks second in footwear
HA NOI — Viet Nam ranked second in footwear exports to Colombia with export revenues reaching more than US$28 million, making up 16 per cent of the Southern American country's total footwear import value in the first five months of this year. However, the Southeast Asian nation ranked fourth in terms of export volume with more than 1.16 million pairs of shoes. According to the Colombian Association of Footwear and Leather Manufacturers (ACICAM), the country imported almost 25.7 million pairs of shoes worth $177.2 million in the first five months of 2012. China was the Southern American country's largest footwear exporter with more than 19 million pairs of shoes worth over $105 million. — VNS … [Read more...] about Viet Nam ranks second in footwear
VN footwear exports to Colombia increase
Ha Noi-- Vietnam ranks second in footwear exports to Colombia with revenue exceding US$28 million, accounting for 16 per cent of the country's total footwear import value in the first five months of this year, a Viet Nam News Agency correspondent reported. However, Viet Nam ranks fourth in terms of export volume with more than 1.16 million pairs of shoes. Last year, the country exported almost 2.87 million pairs of shoes worth $66 million, ranking fourth in export volume and second in value. Footwear was also Viet Nam's third leading export earner in the first half of this year, recording $3.4 billion, up 25 per cent over the same period last year, with EU markets accounting for $1.55 billion. Latin American countries have emerged as potentially lucrative markets for Viet Nam to tap into and possibly help meet the sector's export target of $7.3 billion for 2012. Vietnam exported over $121 million worth of footwear products to Brazil in the first six months of this year, up 55 per … [Read more...] about VN footwear exports to Colombia increase
Footwear exports to Brazil keep soaring
HA NOI — Viet Nam exported over US$121 million worth of footwear products to Brazil in the first six months of this year, up 55 per cent from the same period last year. This is an impressive increase for the sector, considering the global financial crisis has had an adverse effect on consumer demand and the quantities of goods imported by many countries. According to economic experts, the extent that Vietnamese footwear has penetrated the Brazilian market will create an opportunity for Vietnamese exporters to expand their operations in other markets in the South American region. —VNS … [Read more...] about Footwear exports to Brazil keep soaring
Leather, footwear set to earn $2b in exports
HA NOI — The leather and footwear industry earned an export revenue of about US$2 billion in the first quarter this year as part of a $7.3 billion annual target, up 21.7 per cent against 2011. Nguyen Thi Tong, deputy chairwoman and general secretary of the Viet Nam Leather and Footwear Association (Lefaso), made the statement at a seminar jointly held by it and the Viet Nam Leather and Shoe Research Institute in the capital yesterday. The event was aimed at launching a campaign to encourage Vietnamese creative designers to take part in the 4th International Footwear Design Competition 2012 in the Asia region. The competition will take place in Guang Zhou, China, from May 30 to June 1 and will be organised by the Asia Footwear Association and regional industrial associations. "The initiative targets improving design capacity and production in Asian countries as well as discovering creative and professional designers," she said. It will be a playing ground for enterprises … [Read more...] about Leather, footwear set to earn $2b in exports
Footwear export returns up 11.4% to $3.1b
HÀ NỘI (Biz Hub)— Việt Nam earned US$3.1 billion in footwear exports in the first five months of this year, a year-on-year increase of 11.4 per cent, according to the General Statistics Office.Last month alone, export turnover reached $750 million due to the stability of traditional export markets and increasing orders from new importers.In the first four months of the year, the industry enjoyed high export turnover from its traditional markets. The US took the lead with turnover of $755 million, followed by Britain with $149 million, Belgium with $140 million, Japan with $121 million and China with $114 million.Shoe producers had stable orders, with many big enterprises receiving orders for up to the third quarter.According to the Việt Nam Leather and Footwear Association (LEFASO), the Trans-Pacific Partnership Agreement (TPP) negotiations would bring about opportunities for the Vietnamese leather and footwear industry to penetrate the large market.The … [Read more...] about Footwear export returns up 11.4% to $3.1b
Surge in footwear exports sees revenue on track to top US$9b
HA NOI — Viet Nam's footwear exports are well on track to top US$9 billion this year, according to the Viet Nam Leather and Footwear Association (Lefaso).Over the first half of this year, earnings from footwear exports totalled about $4 billion, a 14 per cent increase over the same period a year ago or 6.5 per cent of the country's total export turnover, Lefaso said.The US remained the country's most lucrative market with revenue hitting $1.27 billion (up 21 per cent year-on-year), followed by the UK with $206.12 million (up 6.5 per cent), Belgium with $250.45 million (up 23 per cent) and Germany with $197.51 million (up 5 per cent).Footwear producers have thrived since the second quarter, and see increasing export orders from now to the year-end, Lefaso said.According to the association, if successfully negotiated, the Trans-Pacific Partnership (TPP) would bring about opportunities for the Vietnamese leather and footwear industry to penetrate a large market.The association added … [Read more...] about Surge in footwear exports sees revenue on track to top US$9b