Vietnamese footwear re-gains niche in EU market
Footwear - one of Vietnam’s key hard currency earners in the
European Union (EU) – looks to benefits it will reap from the General
Scheme of Preferences (GSP) offered by the market in 2014-2016.
Footwear - one of Vietnam’s key hard currency earners in the
European Union (EU) – looks to benefits it will reap from the General
Scheme of Preferences (GSP) offered by the market in 2014-2016.
According to the Ministry of Industry and Trade, the European Commission has officially resumed GSP for Vietnamese footwear after ceasing it for five years.
The EU’s decision, which will become effective from January 1, 2014, will allow Vietnamese footwear to re-enjoy duty preferences in the EU market.
Vietnam is now the second largest footwear supplier to the EU market after China .
Among products sold to the EU market, footwear is Vietnam ’s second biggest hard currency earner, with 2.65 billion USD in 2012.
Last year, the country earned 7.26 billion USD from selling footwear abroad, which accounted for 6.3 percent of its total export revenue.-VNA
According to the Ministry of Industry and Trade, the European Commission has officially resumed GSP for Vietnamese footwear after ceasing it for five years.
The EU’s decision, which will become effective from January 1, 2014, will allow Vietnamese footwear to re-enjoy duty preferences in the EU market.
Vietnam is now the second largest footwear supplier to the EU market after China .
Among products sold to the EU market, footwear is Vietnam ’s second biggest hard currency earner, with 2.65 billion USD in 2012.
Last year, the country earned 7.26 billion USD from selling footwear abroad, which accounted for 6.3 percent of its total export revenue.-VNA
You should also see
PM requires full legal corridor to promote national digital transformation
Prime Minister Pham Minh Chinh on April 24 requested more efforts to step up institutional improvement, create a full legal corridor to promote national digital transformation and develop the digital economy while addressing the eighth meeting of the National Committee for Digital Transformation.
See more
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
