While footwear was the nation's third leading export earner in the first
half of the year, exporters remain concerned about the lack of new
export orders beyond the third quarter, according to Vietnam Leather and
Footwear Association (Lefaso) chairman Nguyen Duc Thuan.
Exports of footwear products in the first six months of the year surged
to US$3.4 billion, up 25 per cent over the same period a year ago, with
EU markets accounting for US$1.55 billion of the total, the Kinh te
& Do thi (Economy and Urban Affairs) reports.
However, Thuan said, only a few producers have sufficient contracts in place and have not had to cut production.
Representatives from footwear exporter Thuong Dinh said negotiations
for export prices are problematic as customers, particularly in the EU,
are seeking lower prices due to sagging consumer demand.
The EU, US and Japan are also imposing stricter requirements
pertaining to quality and environmental and social responsibilities
which have been difficult for domestic exporters to meet, Thuan said.
Local producers, he noted, have also been slow in responding to changing
While continuing to enjoy the advantage
of cheap labour costs, Vietnam 's producers still had to import up to
two-thirds of raw materials, reducing their competitiveness, according
To meet the sector's export target of 7.3
billion USD for the year, an increase of 12 percent over last year,
producers will need to maintain traditional customers and boost trade
promotion efforts to find new customers in markets such as Latin
America , he added.
He also urged producers to update the
trademark image of Vietnamese footwear products, as well as rush to meet
importers' regulations on quality and environmental and social
responsibilities. He suggested the Government help exporters access to
updated market information in order to deal with changing markets in a