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Foreign investors outdo local firms in exporting goods

Foreign investors outdo local firms in exporting goods

Total export turnover in the first quarter of 2022 reached US$88.58 billion, up 12.9 percent over the same period last year proving enterprises’ great efforts in recovering the economy. However, along with the above excitement, Many Vietnamese businesses are worried when foreign firms outdo local firms in exporting goods and service.
Handbag production at Binh Tien Company in Dong Nai Province. (Photo: SGGP)

Optimistic signs for leather, footwear industry

Like other industries, the leather and footwear industry has also encountered many difficulties due to the influence of the Covid-19 pandemic. However, according to many experts, with the pandemic being controlled fairly well and the EU-Vietnam Free Trade Agreement (EVFTA) taking effect from the beginning of August, the leather and footwear industry will recover soon.
Workers make leather bags for export at a company in District 12 in Ho Chi Minh City. (Photo: SGGP)

Footwear industry amid opportunities to promote exports

Footwear industry has opportunities to expand export market as free trade agreements were signed or in the progress to be signed; however, in order to take advantage of these opportunities, the industry needs to tackle its shortcomings and improve its competitiveness based on the activeness of firms and the support of policies and representative organizations.
A footwear store in Hanoi’s Phu Xuyen district (Source: VNA)

Leather, footwear sector needs supporting industry

The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, said Deputy Minister of Industry and Trade Cao Quoc Hung.

Shoe making at Thuong Thang Company (Photo: SGGP)

Leather, footwear, handbag industry targets US$18 bln export turnover

The leather, footwear and handbag industry has set a target of reaching US$18 billion export turnover this year amid lot of difficulties and challenges, requiring the industry to improve labor productivity and trade promotion efficiency to gain its target.

Workers at My Phong Shoe Company in the southern province of Tra Vinh produce shoes for exports. (Photo: VNA)

Leather, shoe exports top $9.6 billion

Leather and footwear exports in the first eight months topped $9.64 billion, a year-on-year increase of 12.2 percent, according to the Ministry of Industry and Trade.