All Vietnam articles
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News briefs
Vietnam’s February footwear exports down 40.3% vs January
Vietnam’s footwear exports totaled $1.17 billion in February, down by 40.3 percent compared with January. In the first two months of the year, the country’s footwear exports reached $3.1 billion, according to the General Statistics Office. In the two-month period, exports to the US rose by 25 percent year-over-year to ...
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News briefs
Vietnam relies on China to uphold 2024 exports
Vietnamese shoemakers expect 2024 to be a challenging year but are relying on China to underpin exports, according to Phan Thi Thanh Xuan, the Vice President and General Secretary of Lefaso, the Vietnam leather, footwear and handbag association. In 2023, Vietnam generated $24 billion in revenues from leather and ...
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Main footwear producing countries suffer sharp falls in exports
The world’s four main footwear manufacturing countries have registered “very significant” falls in exports during the first half of 2023, according to data collected by Apiccaps, the Portuguese footwear association. Some key consumption markets are clogged up with inventories, stemming from overbuying to overcome disruption to the supply chain caused ...
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News briefs
Pou Chen to axe more jobs in Vietnam
Pou Chen Corp, the world’s largest athletic footwear manufacturer, has told authorities that it will lay off 1,221 people on permanent contracts at its Ho Chi Minh City factory in Vietnam. Since the beginning of the year, Pou Chen has reduced the number of employees at the factory, which was ...
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U.S. footwear imports to plunge in 2023 due to bloated inventories
U.S. footwear imports are likely to plummet to below 2.0 billion pairs this year after a nearly 30 percent growth in 2022 to nearly 2.75 billion pairs, according to data from the U.S. International Trade Commission and a forecast from the The Footwear Distributors & Retailers of America (FDRA). Correspondingly, ...
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A report confirms the shift out of China into Vietnam
A report available on ResearchAndMarkets.com indicates that Nike and Adidas are leading a move out of China into Vietnam for the manufacturing of shoes, confirming a trend that has been observed in data and analyses that Shoe Intelligence has collected over the past years. The document called “Research Report on ...
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News briefs
Vietnam’s footwear exports up nearly 13%
Vietnam’s footwear exports rose by 12.6 percent year-over-year in the first four months of 2022, generating more than $7.3 billion dollars in revenues, according to the country’s Ministry of Industry and Trade. In the whole of 2021, Vietnam generated $17.6 billion from the export of footwears, up by 4.9 percent.
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Vietnam sees leather goods, footwear exports up 10-15% in 2022
Vietnam’s exports of leather, footwear and bags this year are expected to increase by 10-15 percent in 2022 to $23-25 billion, according to the Vietnamese leather, footwear and handbag association, Lefaso. In 2021, Vietnamese exports of leather, footwear and handbags increased by 4.6 percent to $20.78 billion, with footwear exports ...
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Extended Covid restrictions in Vietnam are hitting companies hard
Footwear brands expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so far have prevented ...
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News briefs
Vietnamese manufacturers react to the spreading virus
More than 1,000 companies operating in various sectors in the Ho Chi Minh City region have managed to keep most of their workers on site, accommodating them in their factories or transporting them from hotels and other lodgings, to help avoid a shutdown of their operations due to the spreading ...
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Covid outbreak closes major factories in Vietnam
A sudden and violent outbreak of the Covid-19 epidemic in Ho Chi Minh City (HCMC) and its environs is expected to delay shipments of shoes and apparel and may result in a loss orders for local manufacturers, according to the local NV Express , which cited the shutdown of 29 ...
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Vietnam sees 2021 leather and footwear exports reaching $20 billion
Vietnam’s Leather, Footwear and Handbag Association (Lefaso) expects its industry to achieve exports of more than $20 billion this year after suffering from a decline last year due to the impact of the Covid-19 pandemic on supply chains, consumption and trade. Last year, Vietnam’s export turnover of footwear ...
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The U.K. reaches trade accord with Vietnam, but deal with EU unlikely
The U.K. has finalized a free trade agreement with Vietnam, which is scheduled to become effective from Jan. 1. It is the third trade agreement reached with an Asian country, after those with Singapore and Japan. The U.K. has also reached a preliminary trade agreement with Canada. The U.K. ...
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News briefs
Vietnam footwear exports down by 6.7 percent in H1
Vietnam’s footwear exports fell by 6.7 percent to $8.1 billion in the first half of 2020, according to the ministry of industry and trade. The decline was due to a fall in exports in May and June in the wake of disruption caused by the Covid-19 pandemic. In the first ...
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Cambodian manufacturers plead for postponement of EU sanctions
Sales of Cambodian apparel, footwear and travel goods are estimated to fall by 50 to 60 percent in the second quarter year-on-year, according to the Cambodia Footwear Association , the Garment Manufacturers Association in Cambodia and the European Chamber of Commerce in Cambodia . In a co-signed letter sent ...
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Vietnam promotes footwear exports to U.S. as its industry suffers
For the first time, an interactive video conference was held in Washington D.C. on May 27 to connect Vietnamese footwear manufacturers and U.S. distributors and retailers.The initiative comes as the Asian’s footwear industry is suffering severely from the drop in demand stemming from the Covid-19 pandemic. The conference entitled ...
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Spain, Portugal to benefit from accelerated reshoring
The novel coronavirus Covid-19 pandemic could lead to an acceleration in the reshoring of manufacturing to Europe. Alicia Garcia-Herrera , senior fellow at the European think tank Bruegel , said in an interview with Exame magazine that the shift could be significant for countries such as Spain and Portugal. ...
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News briefs
EU Parliament approves trade deal with Vietnam
The European Parliament has approved the free trade agreement negotiated by the European Commission with the government of Vietnam with 401 votes in favor of the package, 192 votes against and 40 abstentions. The FTA will allow the removal of virtually all import duties by the two parties over the ...