International shoe & leather expo to take place this month
The 22nd International Shoe & Leather Exhibition – Vietnam is slated for November 16 – 18 at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.
HCM City (VNA) - The 22nd International Shoe& Leather Exhibition – Vietnam is slated for November 16 – 18 at the SaigonExhibition and Convention Center (SECC) in Ho Chi Minh City.
Gathering top businesses from Vietnam, Italy, Germany, theRepublic of Korea, and China, among others, the expo will display products, materials,machinery, and new technologies of the industry.
It is an opportunity for firms to popularise their goods,update market information, and seek potential partners.
According to the Vietnam Leather, Footwear and HandbagAssociation, in the first 10 months of this year, the leather and footwear’sproduction and employment index grew 17.7% and 20.9% year-on-year,respectively.
The sector’s export value increased by more than 36%, withthe strongest turnover rises posted in the markets of South America (41.8%),North America (41.8%), Europe (41%), Oceania (28.3%), and Asia (20.2%).
Vietnam has set a goal to push the rate of domestic leatherand footwear supply to between 75-80% by 2025.
The country earned 20.78 billion USD from overseas shipmentsof the products in 2021, up 4.6% from 2020, including 17.77 billion USD fromfootwear alone. Various world-famous brands, including Nike, Adidas, Reebok,and Puma, have selected Vietnam as a destination for outsourcing and settingproduction bases./.
Vietnam’s leather and footwear export saw rosy signs in the first quarter of this year compared with the same period last year, with footwear export turnover reaching 4.74 billion USD, up 13.5 percent.
With 80 percent of workers returning to work in factories and abundant orders right from the beginning of the year, the footwear sector has seen bright prospects for this year.
Overseas shipments within the first seven months of 2022 earned more than 14 billion USD for the leather and footwear sector, an annual increase of 13%.
Vietnam's leather and footwear enterprises face many challenges in the remaining months of 2022, especially the lack of market information, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).
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