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The ministry said the signing of a number of free trade agreements is expected to open further opportunities for Vietnam’s footwear industry to bolster its exports to the EU and CPTTP member economies.

Vietnam's export of shoes and leather products brought in US$11.7 billion in the first nine months of the year.

However, the MOIT added that the Vietnamese footwear industry is also facing a number of difficulties, such as rising labor costs and low productivity compared with regional countries.

In addition, technological advances are expected to reduce the number of workers required in the industry.

According to Nguyen Duc Thuan, Chairman of the Vietnam Leather, Footwear and Handbag Association (Lefaso), Vietnamese companies will face intense competition from rivals in the same industry in the future.

Lefaso vice Chairwoman Phan Thi Thanh Xuan stated that enhancing productivity by employing new management methods and technologies could double the sector’s growth.

PM urges turning Vietnam into leading timber exporter

Prime Minister Nguyen Xuan Phuc has set the task for the forestry sector to achieve double-digit export turnover as of 2019, striving to turn Vietnam into a leading center of the production and export of timber and forest products, with prestigious brands recognized by the global market.

 

Retailers, exporters active in distributing lychee

(BGO) – Unlike previous years when retailers and exporters only came to lychee farms in Luc Ngan district, Bac Giang at the peak of the harvest season. This year, many businesses have earlier reached distribution contracts with local farmers to ensure the quality of lychee and better serve export orders.

 

Export turnover hits over 5.7 billion USD

(BGO) – The Department of Industry and Trade in the northern province of Bac Giang has recorded the October export turnover of 569 million USD in the province, bringing the total accumulated figure from the beginning of this year up to over 5.7 billion USD, rising 1.4 percent comparing to the same period in 2017. 

 

Rice export targets higher quality

   

 

10 key export staples in the first nine months of 2018

 

 

Source: NDO