Vietnam’s footwear exports up 26.4 pct

Vietnam’s footwear export turnover in the first four months of this year reached over US$1.74 billion, up 26.4 percent over the same period of last year, according to the General Statistics Office.

The EU remains the leading importer of Vietnamese footwear with US$511 million in revenues in the first quarter of this year, a year-on-year increase of 13.3 percent and accounting for over 40 percent of the country’s total footwear export turnover.

Export earnings from the US, Japan, Belgium, Holland, France, Denmark and Czech also rose by between 20-60 percent.

Nguyen Thi Tong, General Secretary of the Vietnam Leather and Footwear Association (LEFASO) said that the EU’s removal of anti-dumping duty on Vietnam’s leather-capped shoes on April 1 would help stabilise the export of this commodity in the near future.

LEFASO forecasted that footwear exports this year would earn US$5.5 billion in revenue.

vov, VNA

>   Auto imports rebound in first quarter (03/05/2011)

>   Saigon Paper sells 38% stake to Japanese firms (03/05/2011)

>   Tea exports decline by about 5% (29/04/2011)

>   PM okays Long Thanh Airport master plan (04/05/2011)

>   Hải Phong – Đa Nang flight route established (04/05/2011)

>   Animal feed producers push price rise (04/05/2011)

>   Panasonic to cut 40,000 workers on cost-cutting drive: Source (29/04/2011)

>   High production costs cause worries to tra fish producers (29/04/2011)

>   Higher export prices, exchange rate fluctuations bring benefits to exporters (29/04/2011)

>   Supermarkets baulk at high supplier prices (28/04/2011)