Vietnam’s footwear production on the rise

In the first half of 2011, Vietnamese footwear production witnessed an increase of more than 30 percent over the same period last year.

 Footwear remains one of Vietnam’s key exports, ranking third after textiles and crude oil, with its revenue reached nearly US$3 billion.

 Domestic consumers have changed their tastes from buying cheaper rubber sandals and shoes to costly leather, leatherette sport and canvas shoes.

 The implementation of the Government’s resolution No.11 on monetary and credit control has shown positive impact on the industry. However, labour shortages, high inflation and the rises in price of electricity, transportation and labour have negatively affected its performance

 

(VOVNEWS)