VGP – Footwear and handbags earned US$940 million from exports in June, bringing their total export value in the first half to US$5.7 billion, a year-on-year increase of 19.2%, according to the Viet Nam Leather and Footwear Association.
Illustration photo
The export turnover of footwear and handbags witnessed increases of 17.8% and 40.7%, respectively, from the same period last year.
Viet Nam is now listed among the five largest footwear exporters in the world. The US and the EU are the second largest importer of the products of Viet Nam, after China.
The export turnover in other potential markets such as Australia, Russia, the Middle East and Latin America saw a remarkable growth over the past few years.
The country has advantages in exporting to the EU as the General System of Preferences (GSP) Regulations which aims at facilitating the EU market access for goods from developing countries, including Viet Nam, came into effect from January 1st , 2014.
Currently, a lot of foreign investors are seeking investment opportunities and expanding orders in Viet Nam such as the Target Sourcing Services, Dansu and Lancaster/Sequoia Paris.
Other international trade agreements signed by the end of this year and 2015 will open more chances of getting firmer niches abroad for Viet Nam’s footwear and handbags.
By Thuy Dung
Đăng ký: VietNam News
