Garment exports on target

The textile and garment industry will meet its annual export target of
10.5 billion USD by November, said vice chairman and general secretary
of the Vietnam Textile and Apparel Association (Vitas) Le Van Dao.

Dao estimated that the industry would earn more than 1 billion USD each month in the fourth quarter.

September was the third consecutive month the industry fetched more
than 1 billion USD from exports, bringing the sector's total export
value in the first nine months of this year to more than 8 billion USD, a
year-on-year increase of 20.6 percent, according to the General
Statistics Office.

Dao said many garment exporters had orders for the end of this year and even for the beginning of next year.

Over the past nine months, exports to the big markets have recorded
high growth. Exports to the US increased 22.1 percent to 3.94 billion
USD while the rising figures to the EU and Japan were 6.7 per cent
and 14.3 percent to 1.18 billion USD and 691 million USD, respectively.

Exports to the Democratic People’s Republic of
Korea surged 64 percent thanks to the impact of its Free Trade
Agreement with ASEAN.

However, Pham Xuan Hong, Vitas
deputy chairman, said the garment industry was facing a shortage of
labour and an increase in the price of transport and power.

A surge in the price of cotton on the world market also had a negative
impact on the industry. A tonne of cotton has risen 45 percent since
the same period last year to 1,900-2,000 USD while the industry has to
import up to 95 percent of its cotton. The industry imported 260,000
tonnes of cotton in the first nine months of the year and estimates that
figure will reach roughly 370,000 tonnes by the end of the year.

Hong said garment exporters were seeking new sources from Japan
and ASEAN countries in order to enjoy preferential taxes.

To fulfil the target of 19 billion USD from exports by 2015 and 25
billion USD by 2020, the garment sector is actively implementing
programmes related to cotton cultivation to increase domestic supplies
and develop human resources to meet the increasing demands of the
sector.

The sector is also promoting its trademark
and setting up distribution networks nationwide to take a firm foothold
in the domestic market./.

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Footwear industry submits strategy

The Vietnam Leather and Footwear Association (Lefaso) has submitted to
the Government a strategy to develop the sector from now till 2020 with a
vision to 2015 which focuses on the support and material industries.

Lefaso President Nguyen Duc Thuan said the strategy
aims at ending the sector's dependence on foreign materials and
technologies, and shifting from sub-contracting to direct contracting.

Under the strategy, the sector will need 18.8
trillion VND (989 million USD) to produce shoe trees and footwear
models, and expand the production of materials including leather and
leatherette.

The plan is expected to help the sector
earn 8.5 billion USD from exports by 2015 and 11 billion USD by 2020 by
boosting the localisation rate to 65-75 percent from the current 50
percent.

Thuan explained that the strategy was
developed because the sector has been suffering from a serious shortage
of materials for many years due to the lack of a support industry.

The country currently has only 30 enterprises, including five with
foreign investment capital, producing tanned leather, the main material
used by the footwear sector. These enterprises can only meet 30 percent
of the material demands of domestic footwear enterprises.

Thuan further explained that the sector has to cope with the EU's anti-dumping tax on Vietnamese footwear.

In an effort to boost exports, Lefaso has carried out many promotional
activities, including hosting the 29th international conference of the
Asian footwear sector, and the international fair for footwear materials
and machines

As customers are shifting their
attention from China to Vietnam , Vietnamese shoe makers currently
have export orders until the first quarter of 2011.

In the first nine months of the year, the sector earned over 3.6
billion USD from exports, a year-on-year increase of 23 percent. The
figure is expected to surpass 5 billion USD by the end of the year./.

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Footwear sector plans to develop supporting industry

Photo: AFP

The Vietnam Leather and Footwear Association (Lefaso) has submitted to the government a strategy to develop the sector from now till 2025, focusing on the supporting and material industry.

According to Lefaso President Nguyen Duc Thuan, the strategy aims at ending the sector’s dependence on foreign materials and technologies and shifting from sub-contracting.

Under the strategy, the sector will need VND18.8 trillion (US$989 million) to produce shoetrees and models and expand production of materials including leather and leatherette.

The plan is expected to help the sector to earn $8.5 billion from exports by 2015 and $11 billion by 2020 with the localization rate of 65-75 percent from 50 percent at present.

Thuan explained that the strategy was prompted by the fact that the sector has been suffering from a serious shortage of materials for many years, due to a lack of supporting industry.

At present, the country has only 30 enterprises, including five with foreign investment capital, producing tanned leather, the main material for the footwear sector. Those enterprises can meet only 30 percent of the demands for materials of domestic footwear enterprises.

The Lefaso leader further said that the sector has also to cope with the EU’s anti-dumping tax on Vietnam’s footwear products.

In an effort to boost exports, Lefaso has carried out many promotion activities, including hosting the 29th international conference of the Asian footwear sector and the international fair of footwear materials and machines.

At present, Vietnamese shoe makers have got orders for exports to fill until the first quarter of 2011, as customers are shifting their attention from China to Vietnam.

In the first nine months of the year, the sector earned over $3.6 billion from exports, a year-on-year increase of 23 percent. The figure is expected to hit over $5 billion by the end of the year.

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Footwear sector plans to develop supporting industry

Photo: AFP

The Vietnam Leather and Footwear Association (Lefaso) has submitted to the government a strategy to develop the sector from now till 2025, focusing on the supporting and material industry.

According to Lefaso President Nguyen Duc Thuan, the strategy aims at ending the sector’s dependence on foreign materials and technologies and shifting from sub-contracting.

Under the strategy, the sector will need VND18.8 trillion (US$989 million) to produce shoetrees and models and expand production of materials including leather and leatherette.

The plan is expected to help the sector to earn $8.5 billion from exports by 2015 and $11 billion by 2020 with the localization rate of 65-75 percent from 50 percent at present.

Thuan explained that the strategy was prompted by the fact that the sector has been suffering from a serious shortage of materials for many years, due to a lack of supporting industry.

At present, the country has only 30 enterprises, including five with foreign investment capital, producing tanned leather, the main material for the footwear sector. Those enterprises can meet only 30 percent of the demands for materials of domestic footwear enterprises.

The Lefaso leader further said that the sector has also to cope with the EU’s anti-dumping tax on Vietnam’s footwear products.

In an effort to boost exports, Lefaso has carried out many promotion activities, including hosting the 29th international conference of the Asian footwear sector and the international fair of footwear materials and machines.

At present, Vietnamese shoe makers have got orders for exports to fill until the first quarter of 2011, as customers are shifting their attention from China to Vietnam.

In the first nine months of the year, the sector earned over $3.6 billion from exports, a year-on-year increase of 23 percent. The figure is expected to hit over $5 billion by the end of the year.

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Footwear sector plans to develop supporting industry

The Vietnam Leather and Footwear Association (Lefaso) has submitted to
the government a strategy to develop the sector from now till 2020 with a
vision for 2015, focusing on the supporting and material industry.

According
to Lefaso President Nguyen Duc Thuan, the strategy aims at ending the
sector’s dependence on foreign materials and technologies and shifting
from sub-contracting.

Under the strategy, the sector will need
18.8 trillion VND (989 million USD) to produce shoetrees and models and
expand production of materials including leather and leatherette.

The
plan is expected to help the sector to earn 8.5 billion USD from
exports by 2015 and 11 billion USD by 2020 with the localisation rate of
65-75 percent from 50 percent at present.

Thuan explained that
the strategy was prompted by the fact that the sector has been suffering
from a serious shortage of materials for many years, due to a lack of
supporting industry.

At present, the country has only 30
enterprises, including five with foreign investment capital, producing
tanned leather, the main material for the footwear sector. Those
enterprises can meet only 30 percent of the demands for materials of
domestic footwear enterprises.

The Lefaso leader further said
that the sector has also to cope with the EU’s anti-dumping tax on
Vietnam’s footwear products.

In an effort to boost exports,
Lefaso has carried out many promotion activities, including hosting the
29th international conference of the Asian footwear sector and the
international fair of footwear materials and machines.

At
present, Vietnamese shoe makers have got orders for exports to fill
until the first quarter of 2011, as customers are shifting their
attention from China to Vietnam.

In the first nine months
of the year, the sector earned over 3.6 billion USD from exports, a
year-on-year increase of 23 percent. The figure is expected to hit over 5
billion USD by the end of the year./.

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