Vietnamplus

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.

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.

Vietnam's footwear exports brought home 10.4 billion USD in the first six months of 2021, a year-on-year surge of 27.8 percent.

Despite facing difficulties caused by the COVID-19 pandemic, Vietnam's footwear industry still achieved double-digit growth and some companies have received long-term orders.

Domestic leather and footwear firms have no choice but to convert their production activities as difficulties are expected to linger through this year due to the impact of the COVID-19 pandemic, experts have said.

Although the market has not fully recovered, footwear and handbags export turnover is expected to return to growth in the fourth quarter of this year during the year-end shopping rush in European and American countries.

Cambodian Labour Minister Ith Samheng on September 10 announced the new monthly minimum wage for the country’s garment and footwear industry at 192 USD in 2021 from current 190 USD, although the sector has been badly hit by the COVID-19 pandemic.

The leather and footwear industry is finding new supply and demand sources to overcome difficulties due to the impact of the COVID-19 pandemic.

Investment has continued to flow into Cambodia’s footwear industry as the COVID-19 pandemic runs rampant around the globe, reported the Phnom Penh Post.

Close to 400,000 workers in the Indonesian leather and footwear industry are foreced to stop working due to the COVID-19 pandemic, according to preliminary statistics.

An online trade exchange is slated to be held from May 28-30 with the participation of 60 footwear importers from the US, according to the Ministry of Industry and Trade (MoIT).

Key industries like textiles, footwear, electronics, food and seafood processing must be prioritised for support in the “new normal” situation, said Truong Thanh Hoai, Director of the Industry Department under the Ministry of Industry and Trade (MoIT).

The domestic leather and footwear industry was in good shape to reach its goals this year, according to Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association (Lefaso).

Politburo member and Chairman of the Party Central Committee’s Economic Commission Nguyen Van Binh received President of Warburg Pincus Timothy Geithner and Vice President of Nike Chris Helzer in Hanoi on December 17.

The leather-footwear industry of Vietnam has established its foothold in the global market, but challenges are still lying ahead, requiring it to work harder to grasp big chances created by new-generation free trade agreements (FTAs).

The leather – footwear industry of Vietnam now has big opportunities thanks to FTAs, but to make full use of those deals, it needs to remove bottlenecks relevant to the supporting industry.

Many Vietnamese enterprises are keeping a close eye on the escalating US-China trade war and have said the challenges from it outnumber the opportunities for them.

Vice President of the Lefaso revealed that many domestic leather and footwear enterprises have created collections and designs to offer to their customers, rather than depending on their partners.

Vietnam’s leather and footwear sector posted an export value of 9.45 billion USD in the first half of the year, an 8.4 percent increase year-on-year.

Indonesia is targeting the third position in the global footwear industry by improving its current position as the fourth country after China, India, and Vietnam.