Export value of Vietnam’s apparel and textile sector will likely to drop and the footwear sector will grow slowly in the third quarter of this year, warned the country’s Socioeconomic Information & Forecast Center.
The country’s apparel sector may face difficulties as its apparel contracts to the US market make up for 50 per cent of Vietnam’s total export value, which fell sharply due to worries about the US’s monitoring mechanism effective since May 2007.
The sector will face more difficulties as prices of supportive input materials in global market will likely increase said the center, adding that prices of most commodities will soar due to growing transport costs.
Footwear sector will likely increase slightly due to downsizing EU market-share and ever fierce competition from other WTO rivals, the center noted.
Vietnam industrial production value is forecast to increase 17.1 per cent on-year to US$35.5 billion this year.
To achieve the targets, apparel and footwear exports would rake in US$7 billion and US$4 billion and the crude oil sector is set to export 16.1 million tons. (Vietnam & World Economy)
Mexico’s Charly to Import 4Mln Pairs of Vietnamese Shoe This Year
Charly Shoes Corp, Mexico’s footwear retailer, will buy four million pairs of shoes from Vietnam this year, said Armulfo Aguirre, the corporation’s Executive Director.
The figure would total its shoes imported from Vietnam to 21.5 million pairs, Armulfo Aguirre noted.
Vietnamese footwear export firms play an important role in Charly’s business operation thanks to their high quality and competitive prices sport shoes exports make up for a major market share, Armulfo Aguirre noted
The company has outlets across Mexico’s 32 states, selling millions of shoes each year, the director added.
In the first half of this year, Vietnam’s footwear sector reaped US$1.93 billion, up 10.7 per cent on-year, representing 48.2 per cent of its full-year target of US$3.9-4 billion, up from US$3.59 billion last year. (Laborer)
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