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The Leather Summit 2023 will be held at the famous Craft Village Cluster in Phu Yen commune and Thon That Craft Village, Minh Duc commune, Hanoi on March 1.

Products of the processing and manufacturing industry of Vietnam now have great chances to enjoy stronger export to the UAE, which has high demand for imports.

Under a strategy to develop garments, textiles and footwear by 2030 with a vision to 2035, Vietnam aims to gain 38-39 billion USD in export turnover from leather and footwear products by 2030.

Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry.

Vietnam supports the Federation of the European Sporting Goods Industry (FESI) to develop its production system of footwear and sporting goods in the country, said Minister of Industry and Trade Nguyen Hong Dien on December 14.

The Pou Chen Corp of Taiwan (China), the world's largest manufacturer of branded sports footwear with factories in Vietnam, will spend 1.5 trillion VND (63.49 million USD) on year-end bonuses.

Enterprises in the textile, garment and footwear industries are facing difficulties on a variety of fronts, including a reduction in export orders, and the plight is likely to continue until the first half of next year.

The southern province of Dong Nai expects to see a record trade surplus of 5.8 billion USD in 2022, according to the provincial Statistics Office.

The Vietnam Trade Office in Australia has introduced high-quality Vietnamese garment and textile products at a recent exhibition, which was part of the International Sourcing Expo Australia.

With ten-month positive results, Vietnam’s major currency earners like aquatic products, rice, coffee, footwear and handbags are very likely to exceed their export revenue targets set early this year.

The 22nd International Shoe & Leather Exhibition – Vietnam is slated for November 16 – 18 at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.

Trade between Vietnam and Australia rose 33.4% to nearly 12 billion USD in the first nine months of this year after reaching a record in 2021.

Enterprises in the textile, garment and footwear industries are facing a decrease in orders through the rest of this year and possibly into the next year.

Hanoi’s firms operating in the supporting industry are developing strongly, reflected through the continuous increases in the number of businesses, their scale and quality. However, according to economists, the capital city still needs specific policies to make the sector grow further.

Vietnam's leather and footwear enterprises face many challenges in the remaining months of 2022, especially the lack of market information, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).

Overseas shipments within the first seven months of 2022 earned more than 14 billion USD for the leather and footwear sector, an annual increase of 13%.

The signing of a series of new-generation FTAs such as the CPTPP, the Vietnam-EU FTA, and the RCEP is expected to significantly impact the Vietnamese economy by helping expand import-export markets and open up new potential markets.

The National Minimum Wage Council of Cambodia on August 15 started talks to consider raising minimum wage for workers in the textile, garment, footwear and travel products and bags industries for 2023, reported the Khmer Times.

Surmounting the tensest period caused by the COVID-19 pandemic, a number of enterprises have regained growth momentum. However, rising input costs are affecting their performance.

The consumer price index (CPI) in June increased by 0.69% from the previous month, according to the General Statistics Office.