Vietnam’s footwear industry has enjoyed giant stride thanks to the bilateral and multilateral trade agreements and the fourth industrial revolution. (Photo: VNA)
Hanoi (VNA) – Domestic and world’s leading experts in footwear willgather in Ho Chi Minh City next month for their summit.
The Vietnam Footwear Summit 2018 which will take place at Saigon Reverie Hotel,Ho Chi Minh City from March 21-22, will discuss new trend and growth models infootwear industry.
According to Phan Thi Thanh Xuan, Vice President and General Secretary of theVietnam Leather, Footwear and Handbag Association (Lefaso), the event isexpected to help local businesses grasp international footwear developmenttrend, apply new materials and information and technology (IT) to slash costsand meet environmental requirements.
Provided with sufficient information from foreign experts, local firms will beable to pen vision and development strategies, she said, adding that they willhave chance to meet with customers from 20 countries worldwide.
Vietnam’s footwear industry has enjoyed giant stride thanks to the bilateraland multilateral trade agreements as well as the fourth industrial revolution.However, enterprises need to renew to keep pace with latest trend and join theglobal supply chain. - VNA
Vietnam has shipped footwear products to nearly 100 countries worldwide, with 72 of them buying at least 1 million USD of the products, reported the Vietnam Leather and Footwear Association (LEFASO).
Domestic firms in the leather and footwear industry lag far behind their foreign directed investment (FDI) peers as Vietnam cements its position as a leading world exporter in the sector, experts said.
Vietnamese leather and footwear exporters must comply with the EU-Vietnam free trade agreement’s rules of origin and be prepared to deal with EU barriers and anti-dumping measures.
Vietnam sets a target of earning between 19.5 - 20 billion USD from leather and footwear exports in 2018, up 10 percent from 2017, heard a conference in January 12.
Vietnam exported over one billion pairs out of 23 billion pairs of shoes sold worldwide in 2017, continuing to maintain the second position (after China) in shoes export.
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Vietnam’s footwear industry has enjoyed giant stride thanks to the bilateral and multilateral trade agreements and the fourth industrial revolution. (Photo: VNA) 
