Footwear, handbag exports reel in nearly 14.5 bln USD in eight months

ABO/VNA - Vietnam’s export turnover from footwear products and handbags reached nearly 14.5 billion USD in the first eight months of 2019, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Vietnam gains nearly 14.5 billion USD in footwear and handbag exports in the first eight months of 2019 (Photo: VNA)

Of the value, exports of footwear products were close to 12 billion USD, while that of handbags reached 2.475 billion USD, up 13.1 and 10.9 percent year on year, respectively.

Exports to top markets of Vietnamese footwear products saw increases compared to the same period last year, with the US market growing 13.5 percent, the EU, over 10.1 percent; and Japan, 11.8 percent.

LEFASO projected Vietnam to earn 21.5 billion USD from leather products and footwear this year, a year-on-year rise of 10 percent. It also predicted the sector’s production will grow by 10-11 percent.

(Source: VNA)