Vietnam's footwear industry continues to lead global market
Vietnam's footwear industry has maintained its position as the world's top exporter, reaching over 150 markets worldwide and accounting for 10% of global supply.
However, there was a concerning 40.3% decrease in exports compared to the previous month.
In the first two months of the year, Vietnam's total footwear export earnings reached 3.1 billion USD, with major contributions from the US, the EU, the UK and China.
The US led with a turnover of 1,1 billion USD, representing a 25% increase year-on-year and comprising over a third of Vietnam's footwear exports. China. the second largest buyer, purchased over 318 million USD worth of footwear, marking an 11.4% increase year-on-year, and Belgium's purchases amounted to 191 million USD, reflecting a 10% increase compared to the previous year.
The development strategy for Vietnam's textile, leather, and footwear industries sets ambitious targets for the future. Local media agency Vietnam Plus explained that by 2025, the country aims to achieve a footwear export turnover of 27-28 billion USD, with a more impressive goal of reaching 38-39 billion USD by 2030.
