Vietnam is the world’s third largest footwear producer, behind China and India, and the second biggest exporter, LEFASO vice chairwoman and general secretary Phan Thi Thanh Xuan said.
Vietnam’s leather and footwear industry is projected to earn $26-27 billion in export revenues this year, marking a $3-billion increase YoY, according to the Vietnam Leather, Footwear and Handbag Association.
North America led the export destinations, accounting for 41.4 per cent of footwear and 47 per cent of handbag exports, followed by the EU, with 29.5 per cent and 25.4 per cent respectively.
North America led the export destinations, accounting for 41.4 per cent of footwear and 47 per cent of handbag exports, followed by the European Union (EU), with 29.5 per cent and 25.4 per cent respectively, Xuan was cited as saying by a domestic news agency.
Sixteen markets—the United States, China, Japan, Belgium, the Netherlands, the United Kingdom, South Korea, Canada, France, Spain, Italy and Australia—represent over 88.4 per cent of the total export turnover.
The industry has showed a strong recovery since late 2023, with major firms securing contracts through mid-2025, Xuan added.
LEFASo also called for setting up specialised green industrial zones that are focussed on leather tanning, production of technical fabric and mold components.
Fibre2Fashion News Desk (DS)
