Vietnamese Leather And Footwear Exporters Look To The US.

Many Vietnamese footwear and leather goods exporters expect their trade volume to reach US $17 billion this year, up by 13% over the same period last year.

The expectation of growth depends on Vietnam's recent free trade agreement with other countries, and Vietnam's local trade has to focus more on the US market, and Nguyen Duc Thuan, President of the Vietnam leather shoes and bag Association, told the media that the United States was the first to replace the European Union last year.

The largest trade market for leather goods, Vietnam's sales of leather goods sold to the US market last year amounted to nearly US $5 billion.

But the EU is still the main market for Vietnamese exporters, perhaps because of Vietnam in 2018.

With the entry into force of the trade agreement, the exporters of Vietnam can enjoy preferential tariffs on products with low tariffs. According to the agreement, tariffs will be completely abolished in 7 years.

Last year, the pport price of leather products in Vietnam nearly $15 billion, an increase of 16% over the same period last year.

Exports amounted to US $12 billion, accounting for 80% of the total, and exports of luggage and bags reached US $2 billion 880 million, an increase of nearly 14% over the same period last year.

In 2016, with the development trend, the opportunities brought by various free trade agreements and the formal establishment of the ASEAN economic community, the export of leather shoes and bags in Vietnam will grow by 15% to 20% over the same period last year.

President Nguyen Tak Shun said at the same time that the 2015 free trade agreements and the p Pacific Partnership Agreement have brought many new opportunities for Vietnam's leather shoes and bags industry, but at the same time, they have also exerted a lot of pressure on export enterprises.

However, based on the frequent economic growth and frequent economic and trade exchanges in Vietnam, business revenues of all enterprises will grow well in 2016.

President Ruan de Shun analyzed that in 2016, Vietnam's Leather luggage products exported to traditional markets showed a good growth trend, the US market grew by 20%, and the EU market grew by more than 10%, especially in the Chinese market, with a relatively high growth rate of nearly 50%.

In addition, Vietnam's domestic shoe-making enterprises have improved production technology, improve product quality and output, and continuously expand the market.

Foreign investors from China and Japan have gone to Vietnam to build new factories, making full use of the opportunities brought by the cheap labor force and various free trade agreements in Vietnam.