Trade Local leather-footwear firms see more opportunities in supply chains By Hung Le Thursday, Jan 14, 2021,11:52 (GMT+7) Local leather-footwear firms see more opportunities in supply chainsBy Hung Le Footwear products displayed at a fair. Local leather and footwear firms are seeing many development opportunities – PHOTO: HUNG LE HCMC – Amid the Covid-19 pandemic, many foreign buyers have highly valued the capability of Vietnamese leather and footwear enterprises, especially in terms of design and research & development, paving the way for them to take the initiative in supply chains. Thanks to the effective control of the pandemic and the signing of new-generation free trade agreements, the local leather and footwear industry is gradually recovering. China, which supplies half of the leather and footwear products to the global market, enhanced the import of the products from Vietnam last year, Nguyen Duc Thuan, chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO), said at a conference on January 12 to review the sector’s performance last year and come up with plans for this year. According to LEFASO, the revenue from leather and footwear exports was US$19.5 billion last year, down 11% over 2019. However, leather and footwear exports to China increased 15%, the highest… Read full this story
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