Vietnam 's leather and footwear export value jumped by 30 percent to4.8 billion USD during the first nine months of this year, according tothe General Statistics Office (GSO).
By September, the leather and footwear industry had reached a growthrate of 550-640 million USD per month over four consecutive months, theoffice said.
Growth was mainly due to theabolishment of an anti-dumping tax related to leather-upper shoes madein Vietnam from April on the European Union market, importersaccordingly shifting their orders from China to Vietnam because ofa 16.5 percent tax still applied in the former.
However, many domestic export leather and footwear producers have notyet dared to take orders because of high input costs and increasedsalaries, said Nguyen Thi Tong, general secretary of the Vietnam Leatherand Footwear Association (Lefaso).
So far,producers have received enough export orders to last until the end ofthis year alongside contracts already negotiated for 2012, he said.
The industry expects to reach a total export value of 6 billion USDthis year, Tong said, adding that, in order to reach the target,production lines would need to be expanded while product quality wasenhanced.
To improve enterprise competitiveness, thedomestic market would additionally need just as much attention as theexport one, she said.
According to the Ministry ofIndustry and Trade, the industry has set up targeted export values of9.1 billion USD for 2015, 14.5 billion USD for 2020 and 21 billion USDfor 2025.
The industry expects to reach an averageexport value growth rate of 10.9 percent per year in 2011-15, 9.7percent during 2016-20 and 9.7 percent from 2021-25./.
By September, the leather and footwear industry had reached a growthrate of 550-640 million USD per month over four consecutive months, theoffice said.
Growth was mainly due to theabolishment of an anti-dumping tax related to leather-upper shoes madein Vietnam from April on the European Union market, importersaccordingly shifting their orders from China to Vietnam because ofa 16.5 percent tax still applied in the former.
However, many domestic export leather and footwear producers have notyet dared to take orders because of high input costs and increasedsalaries, said Nguyen Thi Tong, general secretary of the Vietnam Leatherand Footwear Association (Lefaso).
So far,producers have received enough export orders to last until the end ofthis year alongside contracts already negotiated for 2012, he said.
The industry expects to reach a total export value of 6 billion USDthis year, Tong said, adding that, in order to reach the target,production lines would need to be expanded while product quality wasenhanced.
To improve enterprise competitiveness, thedomestic market would additionally need just as much attention as theexport one, she said.
According to the Ministry ofIndustry and Trade, the industry has set up targeted export values of9.1 billion USD for 2015, 14.5 billion USD for 2020 and 21 billion USDfor 2025.
The industry expects to reach an averageexport value growth rate of 10.9 percent per year in 2011-15, 9.7percent during 2016-20 and 9.7 percent from 2021-25./.
