4:16:03 PM | 8/5/2009
The Vietnam Leather and Footwear Association (Lefaso) has targeted to achieve export turnover of over 11.4 million by 2015 as a part of the sector’s shipment strategy for the period between 2010 and 2015.
The sector also expects to raise the localization rate to 85 per cent-90 per cent by that year.
In order to fulfill the targets, Lefaso proposed footwear firms shift their production from processing to fully closed production, with a focus on fashion and leather products.
The new strategy aims to bring Vietnam into a leading producer of high quality footwear in the region.
In the first four months, Vietnam earned US$1.24 billion from exporting footwear products, down 10.8 per cent on-year.
The country also spent US$599 million on importing materials for the apparel and footwear industries in the same period.
The footwear sector has targeted to obtain the export turnover of US$5.1 billion for the whole year, up 9 per cent-10 per cent on year.
However, amid the global crisis, many footwear firms have set target of export value equaling to that of last year. (Vietnam Economic Times, VIR)
April 24–25, 2026
Kinh Bac Cultural Center, Bac Ninh Province
Vietnamese
