According to Vietnam’s Ministry of Industry and Commerce, Vietnam’s footwear industry exports in the first nine months of 2020 totaled approximately US$12.08 billion, a decrease of 8.8% compared with the same period in 2019. It is predicted that it will be difficult to reach the original 240 million US dollars for this year. billion dollar target.
According to Phan Thi Ching Chung (PhasdfssdfsnThiThasdfssdfsnhXuasdfssdfsn), Vice Chairman of the Vietnam Leather, Shoes and Handbags Agreement, the United States, China, Japan, Belgium, Germany and other major Vietnamese shoe industries Import volume in the export market fell by 10% compared with the same period last year.
Due to the COVID-19 epidemic, export orders have decreased, and manufacturers have stopped production or reduced production. It is predicted that the Vietnamese shoe industry will continue to face difficulties until the end of this year. Many Vietnamese footwear manufacturers hope that the free trade agreement between Vietnam and the European Union will bring many business opportunities and increase exports after the Vietnam-EU Free Trade Agreement comes into effect on August 1, 2020. </p
