Tiếng Việt English Français Español 中文 Русский

Business

Footwear exports likely to bounce back at year’s end

Footwear exports were estimated to hit 9.53 billion USD in the first seven months of 2020, a year-on-year decline of 7.9 percent, according to the Ministry of Industry and Trade.
Footwear exports likely to bounce back at year’s end ảnh 1Footwear exports were estimated to hit 9.53 billion USD in the first seven months of 2020 (Photo: VNA)


Hanoi (VNA) – Footwear exports were estimated to hit 9.53 billion USD in the first seven months of 2020, a year-on-year decline of 7.9 percent, according to the Ministry of Industry and Trade.

The sector is among the hardest hit by the COVID-19 pandemic, along with garment-textile and manufacturing.

Europe is the leading export market of Vietnam’s leather and footwear, yielding nearly 6 billion USD annually and holding a lion’s share of nearly 30 percent.

As the EU-Vietnam Free Trade Agreement (EVFTA) took effect on August 1, footwear exports are expected to re-bounce in the remaining quarters, offsetting losses in the beginning of the year./.

VNA
#Footwear exports #first seven months of 2020 #COVID-19 #EU-Vietnam Free Trade Agreement (EVFTA) #VietnamPlus #Vietnam News Agency
Theo dõi VietnamPlus

Related News

Footwear exports to the US set for tough year

Footwear exports to the US set for tough year

Footwear exports to the US have been forecast to struggle in the remaining months of this year due to falling demand, though it recorded a 10 percent increase in revenue in the first quarter of the year.
Footwear sector to improve supply chain to take advantage of EVFTA

Footwear sector to improve supply chain to take advantage of EVFTA

Vietnam’s leather and footwear industry should improve its supply chain performance to take advantage of the milestone trade deal that the country has signed with the EU and to recover from the effects of the COVID-19 crisis, speakers said at a recent international footwear conference.
Experts: EVFTA looks towards sustainable development

Experts: EVFTA looks towards sustainable development

The European Union – Vietnam Free Trade Agreement (EVFTA) not only promotes trade and investment growth between Vietnam and the EU but also creates a driving force to boost cooperation in improving growth quality, towards sustainable development, experts said.

See more