The 7th Vietnam Footwear Summit 2023 Ho Chi Minh City, Vietnam, Ho Chi Minh City, Vietnam

According to the statistics of Vietnam Leather, Footwear and Handbag Association(LEFASO), Vietnam’s footwear exports is striving to reach US$27 billion in export turnover in 2023, an increase of about 10% compared to one year earlier amid shrinking major markets and falling demand. Combined with the signature of EVFTA and CPTPP, Vietnam’s leather and footwear industry are expected to maintain high growth in the coming years. Furthermore, the shift of production to be able to use local sources of raw materials to increase the localization rate of raw materials in a bid to meet the requirements relating to the origin of goods under FTAs helped the leather and footwear industry meet the export target.