Footwear is one of Vietnam's key export industry, has been creating a huge amount of the country's exports, accounting for over 10% of the country's total exports. In the future, the Vietnamese footwear industry still has great potential.

At present, Vietnam has developed into with various advantages after China's second largest footwear exporter. First, Vietnam has abundant cheap labor, and secondly, the Vietnamese footwear exports to the United States, the EU and ASEAN to enjoy a number of preferential policies, and is currently one of the countries less affected by international trade restrictions on anti-dumping. Earlier there were reports that starting next year Vietnam will again enjoy the EU GSP, which will significantly reduce the export to Europe of Vietnamese footwear tariffs. Moreover, Vietnam and the EU is now actively promoting the two sides signed a free trade agreement, such as to the signing of the EU tariff from 12.4% to 0%, and the EU will also have to invest in Vietnam footwear field research, equipment and other aspects of can boost Vietnamese enterprises to get more advanced footwear technology. In addition, the prospect of Vietnam's accession to tpp also provide a good opportunity for the country's footwear industry.

However, lack of supply of raw materials as well as the popularization of mechanization no Vietnamese footwear industry into a development bottleneck: Machine penetration is very low, mainly rely on large numbers of workers, semi-mechanical semi-manual sewing machines and cutting machine operation. And facing the international footwear market, buyers from Europe demanding quality standards. Therefore, Vietnam has been gradually shoe application of modern technologies in the production management process to reduce risk.

Vietnamese footwear industry machinery technology upgrade power grab orders 
Vietnam plans to use the new equipment and technology to enhance the training, trade promotion, to promote the modernization of the footwear industry. In the "2017 Vietnamese footwear industry outlook," the report recently released, one analyst described the Vietnamese footwear industry in recent years, benefiting from export growth, there has been rapid development. Highlighted the Vietnamese footwear industry market trends, such as skills upgrading will contribute to the development industry, increase domestic production of raw materials and labor jobs in Vietnam, and so on.

Information link: Vietnam General Administration of Customs statistics show that from October this year, the Vietnamese footwear exports after four consecutive months of decline in a strong return to growth, the export value in October reached $ 716.7 million, a substantial increase over the previous month 30.51 %; cumulative first 10 months of this year, Vietnam's footwear exports total nearly $ 6.7 billion, an increase of 15.13%. Industry experts said that this year the end of a few months, the Vietnamese footwear exports will get good results, this year the country's total footwear exports could reach $ 8 billion, a new record. 

        Source: World Net garments 
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