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Footwear enterprises facing challenges

Vietnam's leather and footwear enterprises face many challenges in the remaining months of 2022, especially the lack of market information, according to the Viet Nam Leather, Footwear and Handbag Association (Lefaso).

Leather, footwear industry sets export target of US$25 billion

Vietnam's export of leather, footwear and bags this year will likely increase 10-15 per cent year-on-year to about US$23-25 billion, the Viet Nam Leather, Footwear and Handbag Association (Lefaso) has forecast.

 

Measures sought to help footwear industry get back on front foot

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.

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.

Footwear, handbag sector eyes export target of $24b in 2020

The footwear and handbag industry aims to reach export revenue of US$24 billion in 2020, after hitting $22 billion last year, the industry association said.

 

Footwear manufacturers plan comeback to conquer home market

VietNamNet Bridge - Though only around 10 Vietnamese footwear brands exist in the home market and each holds a modest 2 percent of market share, the products have begun conquering the local consumer market.

Vietnam’s footwear industry threatened by automation

VietNamNet Bridge - After five years of implementing a master plan on the footwear industry by 2020, Vietnam still mostly does outsourcing for foreign partners. 

Women's footwear and products: multi-billion dollar market

VietNamNet Bridge - Many Vietnamese businesses have spent big money to build up their brands to conquer the home market, despite the popularity of Chinese cheap products here.

Textile & garment, seafood manufacturers worried about Brexit

The uncertainties of the EU economy with the Italian PM stepping down and the UK & Northern Ireland leaving the EU will adversely affect Vietnam’s exports to the large markets.

Vietnamese footwear industry: big turnover, small profits

Footwear is a big industry of Vietnam, considered a ‘foreign currency earner’ thanks to high exports every year.  

Vietnamese footwear manufacturers ignore local market

VietNamNet Bridge - The majority of Vietnamese footwear companies make products for export and do not focus on the domestic market, where consumers often prefer foreign-made products.

Vietnamese make shoes to export, not to wear

VietNamNet Bridge - Vietnam is a big footwear exporter, but many Vietnamese do not wear domestically made shoes.

Foreign-invested footwear manufacturers show their power

VietNamNet Bridge - Foreign invested enterprises (FIEs) account for less than 25 percent of total number of footwear enterprises, but make up 77 percent of total export value. 

BUSINESS IN BRIEF 9/2

Shoemakers upbeat on prospects for 2015; Ocean Group to sell property projects; Import duty differentials benefit fuel firms; Vinacas sets high export growth for cashew nuts; Residential real estate market on the road to recovery