footwear industry

Update news footwear industry

Domestic leather and footwear firms have no choice but to convert their production activities as difficulties are expected to linger through this year due to the impact of the COVID-19 pandemic, experts have said.

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.

VN footwear companies unsure about the future

The fate of 4 million workers in the footwear industry depends on the recovery of exports after Covid-19 ends.

How will the US-China currency deal affect Vietnam’s exports?

Businesses are optimistic about the prospects of the two largest export markets, the US and China, after the Chinese yuan for the first time fell from the ‘red line’ since 2008 to 6,9225 yuan per dollar.

US-China trade war brings great opportunities, challenges

Asked about influence of the US-China trade war on their business performance, Vietnamese enterprises said they can see opportunities, but find it difficult to grab them.

Vietnam’s footwear industry concerned about trade war

The Vietnamese footwear market may face problems if the US imposes a tariff of 25 percent on Chinese products in the current trade war.

Vietnam warned against being ‘transit point’ for Chinese garments to go to US

Vietnam may become a place for Chinese goods to transit before going to the US.

A world production center – a good choice for Vietnam?

VietNamNet Bridge - The prospect of Vietnam becoming a new production base of the world seems to be clearer with Adidas’ predictions about the continued shift of the shoe outsourcing center from China to Vietnam.

Morocco – a new land of opportunity for Vietnam

 VietNamNet Bridge – Morocco is rapidly becoming an important player in the North African market, with its proximity making it attractive to Vietnamese businesses, which can use it as a hub for their African sales and operations.

Will Vietnam become the world’s footwear production base?

 VietNamNet Bridge – Vietnam is believed to be a powerhouse in global footwear production, largely due to a number of multilateral and bilateral free trade agreements (FTAs), but many enterprises do not believe so.

BUSINESS IN BRIEF 13/8

 Zalo attracts 15 million subscribers; Vietnam's first ETF lures investor interest; 260,000 ha of rice to be transformed into other crops by 2015; Simpler tax procedures to take effect; Major investors eye Vietnamese footwear industry

Vietnam seeks investment for supporting industries

 VietNamNet Bridge – The Government will accelerate construction of industrial zones and complexes for supporting industries across the country, with an aim to attract foreign investors, especially those with high-tech projects.