Vietnam earned 11.82 billion USD from exporting footwear products during January-October (Source: VNA)

Hanoi (VNA) – The export turnover of Vietnamese footwear products hit 11.82 billion USD in the first ten months of 2017, up 13 percent year-on-year.

Exports to Indonesia recorded the highest growth, at 53 percent, followed by Singapore (45 percent), Hungary (34 percent), India (33.7 percent) and Poland (33 percent).

The Vietnam Leather, Footwear and Handbag Association predicted that the footwear sector’s production will enjoy a growth rate of 5 percent this year compared to last year, while the export value of footwear and handbags will reach nearly 18 billion USD, or a 10-percent rise a year-on-year.

Vietnam is aiming for 24-26 billion USD in leather, footwear and handbag exports by 2020, 35-38 billion USD by 2025 and 50-60 billion USD by 2035.-VNA