Footwear production at Biti's Company. (Photo: SGGP)

Footwear industry needs to resolve difficulties to make breakthrough

The Covid-19 pandemic has continued to obstruct trade activities of the leather and footwear industry in the main export markets of Vietnam, including Europe and the US. Last year, the whole industry exported US$19.5 billion, down 11.5 percent compared to 2019. Currently, Vietnam has controlled the pandemic, so many long-term orders have returned to enterprises. However, experts predict that the difficult situation will last until the end of this year.
Handbag production at Binh Tien Company in Dong Nai Province. (Photo: SGGP)

Optimistic signs for leather, footwear industry

Like other industries, the leather and footwear industry has also encountered many difficulties due to the influence of the Covid-19 pandemic. However, according to many experts, with the pandemic being controlled fairly well and the EU-Vietnam Free Trade Agreement (EVFTA) taking effect from the beginning of August, the leather and footwear industry will recover soon.
Footwear exports into US market increase 10 percent in Q1

Footwear exports into US market increase 10 percent in Q1

According to the General Department of Vietnam Customs, footwear is one of the key export products of Vietnam to the US with export turnover in the first quarter of this year reaching US$1.56 billion, an increase of 10 percent compared to the same period last year.
Footwear production at a firm. (Photo: SGGP)

Footwear exports estimated to hit $22 billion this year

Footwear export turnover aims to reach US$22 billion with a growth rate of 11 percent this year, according to Mr. Diep Thanh Kiet, vice chairman of the Vietnam Leather, Footwear and Handbag Association.