Business

Leather product, footwear exports likely to fetch 21.5 billion USD

Vietnam’s export turnover from leather products and footwear is estimated to hit 21.5 billion USD in 2019, a year-on-year rise of 10 percent, said the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Leather product, footwear exports likely to fetch 21.5 billion USD ảnh 1Vietnam's leather and footwear products were on display at the 21st International Leather and Shoes Exhibition in HCM City (Photo: baochinhphu.vn)
Hanoi (VNA) – Vietnam’s export turnover from leather products and footwear isestimated to hit 21.5 billion USD in 2019, a year-on-year rise of 10 percent,said the Vietnam Leather, Footwear and Handbag Association (LEFASO).

The growth isattributed to growing demand for leather products and footwear in Vietnam’smajor export markets in the remaining months of the year.

Vietnam’sfootwear products have been shipped to more than 100 countries and territoriesworldwide, with export earnings to half of them raking in more than 1 millionUSD each.

Vietnam iscurrently the world’s second largest footwear exporter and the footwear sectorhas greatly contributed to the country’s economic development.

LEFASO’s statisticsillustrated that leather products and footwear export revenue stood at morethan 10.33 billion USD in the first six months of 2019, including 8.53 billionfrom footwear and 1.8 billion USD from handbags.

The US, theEuropean Union (EU), China, Japan and the Republic of Korea were Vietnam’s mainexport markets in the period.

LEFASO alsopredicted that Vietnam’s leather product and footwear production will grow by10-11 percent in 2019.

Truong ThanhHoai, Director of the Ministry of Industry and Trade’s Heavy IndustriesDepartment, said huge opportunities have been opened up for Vietnam’s leatherand footwear sector by free trade agreements, such as the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-VietnamFree Trade Agreement (EVFTA).

LEFASO anddomestic firms need to handle current bottlenecks in the sector, notably thebranding issue, he noted.-VNA
VNA
#leather products and footwear #Vietnam Leather- Footwear and Handbag Association (LEFASO) #Vietnam’s major export markets #free trade agreements #vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

EVFTA to benefit Vietnamese exporters: official

EVFTA to benefit Vietnamese exporters: official

The EU-Vietnam Free Trade Agreement (EVFTA), which was freshly signed in Hanoi on June 30, is expected to bring about many opportunities for Vietnamese enterprises, especially those involved in exporting major products like seafood, apparels, footwear, and farm produce.
Footwear exports buoyed thanks to FTA

Footwear exports buoyed thanks to FTA

The footwear sector has optimised opportunities from free trade agreements (FTAs) that Vietnam has signed to increase exports, according to insiders.

See more

Vietnamese Minister of Finance Ngo Van Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, Russia move to boost financial cooperation

On bilateral economic, trade and investment ties, Tuan said two-way trade hit 3.24 billion USD in the first seven months of 2026, up 12% from a year earlier. Vietnam’s exports to Russia totaled 1.33 billion USD, while imports amounted to 1.91 billion USD.

Cai Mep - Thi Vai Port complex in Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City seeks to make seaports new growth driver

To maximise its seaport advantages, Ho Chi Minh City is developing smart and green ports while promoting clean energy, lower emissions and sustainable supply chains. It aims to establish an integrated ecosystem linking seaports with industrial parks, logistics centres, free trade zones, multimodal transport networks and an international financial centre.

Farmers visit the off-season durian orchard of Cao Chi Dai in Vinh Hanh commune, An Giang province (Photo: VNA)

Vietnam promotes finance for green agriculture

Over the past five years, Vietnam has developed and gradually implemented a green finance system to support low-emission and environmentally friendly production, including agriculture. Based on the State Bank of Vietnam's Directive No. 03/CT-NHNN dated March 24, 2015, banks including BIDV, VCB, HDBank and Agribank have introduced green credit packages for waste treatment, high-tech agriculture, digital transformation, regional linkages and emission reduction across production chains.

An overview of the meeting between representatives from Polish businesses and the Agency for Domestic Market Surveillance and Development. (Photo: Agency for Domestic Market Surveillance and Development)

Polish businesses seek suppliers, partners in Vietnam

MAJAMI, a confectionery manufacturer and trader under Sweet House, is seeking distributors for Polish confectionery products in the Vietnamese market. Meanwhile, GABONA, a distributor and wholesaler of professional cosmetics, hair care and make-up products and beauty accessories, is looking for Vietnamese manufacturers of vegan and natural cosmetics.

Kendra Rinas, Chief of Mission for IOM Vietnam speaks at the event. (Photo: VNA)

Vietnam advances in building, using migrant labour data system: workshop

Data presented in the report reflects effective migration governance in recent years. The average recruitment cost paid by migrant workers dropped by 23.8%, from 164.9 million VND (6,400 USD) in 2021 to 125.7 million VND in 2025. Conversely, average first-month earnings abroad rose by 25.4%, increasing from 22.4 million VND to 28.1 million VND.

Workers produce leather shoes for export at Lefaso Tra Vinh Investment and Production Joint Stock Company in Tra Cu commune, Vinh Long province. (Photo: VNA)

Vietnamese exporters pivot to ease pressure from US tariffs

Pressure from the new US tariff policy is prompting Vietnamese exporters to reassess their strategies. Rather than pursuing volume-driven growth, many are shifting towards higher-value orders, tighter cost control, greater productivity and a more balanced allocation of markets to reduce reliance on a single destination.

A worker handles and stacks goods. Nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%. (Photo: VNA)

Firm entry and exits point to continued restructuring pressure

Updates from the National Statistics Office last week showed that nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%.

A Vietnamese business introduces durian cakes to Chinese visitors at the 22nd China-ASEAN Expo (CAEXPO) in 2025. (Photo: VNA)

Vietnam steps up trade, investment promotion at China-ASEAN Expo

According to the CAEXPO Secretariat, Vietnam will once again lease an entire exhibition area of about 3,000sq.m, featuring 170 booths, making it one of the ASEAN countries with the largest exhibition spaces at this year’s event. Nearly 100 Vietnamese businesses have confirmed their participation, including major brands such as Trung Nguyen Group, TH Group, Saigon Coffee and Biti’s.

An overview of the VIFC's Executive Council meeting on September 7 (Photo: VNA)

Six groups of products, services proposed at Vietnam International Financial Centre

Deputy Minister of Finance Nguyen Thi Bich Ngoc said the products and services include investment funds and asset management, asset-backed digital assets, international carbon credits, commodity trading and derivatives infrastructure linked to trade and supply-chain financing, financial technology, and bonds issued at the centre. As these groups are at different stages of readiness, they will be rolled out in phases rather than simultaneously.