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Exports of footwear and handbags to Japan rose

Friday, 23/08/2013, 13:41 GMT+7

Exports of footwear and handbags to Japan rose

Vietnam’s leather and footwear industry is expected to reach its set target of US$ 9.7 billion in turnover this year as several Japanese importers have moved their orders from China to Vietnam.

The turnover of the industry is also expected to increase sharply after the signing of trans-pacific partnership (TPP) and the free trade agreement (FTA) between Vietnam and EU.

Several importers, including Japan, have moved their orders from China to Vietnam. So Vietnamese exporters have got their export orders for the first quarter of the next year, said Vietnam Leather, Footwear and Handbag Association (Lefaso).

Mr. Luu Van Thanh, director of Hoang Kim Handbag Co., Ltd said that he has never seen such a lot of Japanese enterprises going to Vietnam. His company is engaged in exporting products to Switzerland, Germany, France and Japan.

He also said that importer appraise Vietnamese standard for handbag production is higher than the standard of other ASEAN countries such as Indonesia, Cambodia and Myanmar.

Mrs. Truong Thi Thuy Lien, director of Lien Phat Footwear Co., Ltd in Binh Duong province said that after 2 months of conducting market research, her company has received the first orders from a Japanese partner.

 

According to Lefaso, TPP and FTA will push the import tax rate down to 0 per cent, so Vietnamese export items would be more competitive than those of China and India.  

 

In the first half of this year, Vietnam footwear industry earned over US$ 3.99 billion from export, up by nearly 14 per cent over the same period last year.

The U.S accounted for $ 1.27 billion, equivalent to 32 per cent of the industry’s total export turnover.

The export of handbags and suitcases also increased by 22 per cent in the first six months of this year to $ 911 million. Of the figure, the export to the U.S accounted for 44 per cent or $ 391 million, up by nearly 30 per cent year – on – year.


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