Leather, footwear sector targets 20 billion USD in export earnings (Source: VNA)Hanoi (VNA) – Vietnam sets a targetof earning between 19.5 - 20 billion USD from leather and footwear exports in2018, up 10 percent from 2017, heard a conference in January 12.
According to the Vietnam Leather, Footwear andHandbag Association (LEFASO), the leather and footwear industry is expected togrow 5 percent from last year, with the localisation rate reaching 55 percent.Footwear and handbags will remain Vietnam’s top four and 10 exports,respectively.
Addressing the event, LEFASO Vice President PhanThi Thanh Xuan highlighted positive signs in the world’s economy and increasingconsumption demand, saying that these create both favourable conditions andchallenges to Vietnam in exports and investment.
In order to help Vietnamese exporters realise thetarget, the association will actively participate in relevant policy makingwhile luring foreign and domestic investment in support industry, thusincreasing the localisation rate and ensuring sustainable development.
It will host trade promotion events, workshops,and training classes to improve the management capability of enterprises, andattend international trade fairs.
In 2017, the sector earned 18 billion USD fromexports, up 10.7 percent from 2016.-VNA
VNA
