Vietnamese, US footwear firms to discuss trade amid pandemic
An online trade exchange is slated to be held from May 28-30 with the participation of 60 footwear importers from the US, according to the Ministry of Industry and Trade (MoIT).
The footwear factory of the Ha Tay Chemical Weave Co. Ltd in Hanoi (Photo: VNA)
Hanoi (VNA) - An onlinetrade exchange is slated to be held from May 28-30 with the participation of 60footwear importers from the US, according to the Ministry of Industry and Trade(MoIT).
The event is expectedto draw between 60-80 domestic footwear enterprises.
The MoIT said the exchange aimsto help domestic footwear producers promote exports to the US. It willalso act as a platform to provide updated information on the US footwear marketin the context of the COVID-19 pandemic.
During the event, enterprisesfrom the two nations will be able to learn about the other side'sneeds and capacities, seize cooperative opportunities, and respond totrade and market developments as demand for footwear in the US is predicted torebound once the COVID-19 pandemic subsides.
They will be also able toassess export prospects and adaptability, as well as Vietnam’s plans fordeveloping the footwear industry.
Last year was as a successfulyear for Vietnam’s footwear exports were worth 18.3 billion USD, up 13 percentyear-on-year. Last year, the US imported the largest share of Vietnamesefootwear products with a value of 6.65 billion USD, a yearly hike of 14.2percent.
With a turnover of 1.56 billionUSD, the US retained its crown as the leading consumer of footwear productsfrom Vietnam in the first quarter of 2020, surging 10 percent overthe same period last year./.
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The footwear factory of the Ha Tay Chemical Weave Co. Ltd in Hanoi (Photo: VNA) 
