| Indonesia continues to increase competitive pressure on Vietnamese footwear. Footwear businesses worry about coping with the Carbon Border Adjustment Mechanism (CBAM). |
According to data from the General Statistics Office, in the first 9 months of 2024, footwear ranked 5th out of 7 items with export turnover of over 10 billion USD.
Like textiles, orders from domestic footwear businesses are getting better towards the end of the year as they prepare to enter the peak season of production to serve the festival.
Ms. Phan Thi Thanh Xuan - Vice President and General Secretary of the Vietnam Leather, Footwear and Handbag Association said that orders are currently recovering, but domestic leather and footwear enterprises are facing major obstacles due to labor shortages. This is a big challenge, because in labor-intensive industries such as leather, footwear and textiles, human resources are considered the greatest asset. Ms. Xuan also said that the double-digit growth achieved is quite positive. In 2024, it is likely that the leather and footwear industry will reach the target of 27 billion USD.
 |
| The Ministry of Industry and Trade "bridges" Vietnamese footwear into the US market. Photo: Can Dung |
Statistics also show that the export turnover of the leather and footwear industry to markets is quite stable. In the first 8 months of 2024, the industry exported 5.58 billion USD to the US market, up 17.1%; EU (27 countries) was 3.63 billion USD, up 14.3%; China was 1.32 billion USD, up 5.5% over the same period last year.
At an event related to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) recently organized by the Ministry of Industry and Trade, Ms. Xuan said that the association has submitted to the Ministry of Industry and Trade a proposal to build a trading center for raw materials for the Vietnamese fashion industry.
Ms. Xuan explained that raw materials are a very important factor for the fashion industry, accounting for a very large proportion of up to 65% of the product cost. If the Vietnamese fashion industry can proactively source raw materials that meet the standards of the export market, it will quickly meet orders, accelerate the growth rate of the export fashion industry, and expand its scale to reach 100 billion USD by 2030.
On the other hand, proactive supply helps footwear enterprises to be transparent about the origin of raw materials, both meeting the rules of origin in free trade agreements and implementing green and sustainable standards of importers.
To realize the idea of building a trading center for raw materials for the fashion industry, the representative of the Vietnam Leather, Footwear and Handbag Association recommended that there needs to be participation from many parties, and especially the Government's support policy in facilitating procedures and policies related to logistics, supply of imported raw materials, etc.
It is expected that the Trading Center for Raw Materials for the Fashion Industry will be built from socialized capital, attracting the participation of domestic and foreign suppliers of raw materials and accessories for textile, garment and footwear production; continuously updating trends and technologies to support and promote domestic raw material production activities...
Source: https://congthuong.vn/xuat-khau-giay-dep-duy-tri-tang-truong-2-con-so-351036.html
Comment (0)