Vietnam targets 21.5 billion USD in leather footwear exports in 2019
(VOVWORLD) - Phan Thi Thanh Xuan, Secretary General of the Vietnam Leather, Footwear, and Handbag Association (LEFASO) said at a meeting in Hanoi on Wednesday that the sector’s target is 21.5 billion USD in export turnover next year and a 10% increase in production volume, given strong consumer demand in major markets.
Ms. Xuan said footwear and bag orders will continue to shift from China to Vietnam thanks to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which will take effect in early 2019, and the EU-Vietnam FTA, also expected to become effective next year.