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The textile footwear’s exportation in Vietnam

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The textile footwear’s exportation in Vietnam

Today my thesis presents the exportation of textile footwear in Vietnam to all over the world in general. This proposed plan is intended to increase the exports approximately 2-3 times in the next 3 years. Nowadays, in our country, the textile and garment industry plays an increasingly important role in the national economy (8.55% of the total export in 2018). It not only serves the increasing and plentiful needs of people but also is an industry that helps our country solve many jobs for society and contributes more and more to the national budget. Creating conditions for economic development. Vietnam is currently one of the top 5 textile exporters in the world with a market share of 4% -5%. Vietnam's main export markets are the United States, the EU, and Japan (ac-counting for over 75% of annual exports) with apparel products mainly cotton and synthetic fiber products for market segments with the mid and low level. Currently, Vietnam has exported footwear products to over 100 countries, 72 of which have an export turnover of over US $ 1 million. 5 markets with the largest turnover, ac-counting for over 82.3% of total export turnover, include the US, EU, China, Japan, and Korea. The trade war between the US and China is increasing, starting to affect the import and export of Vietnam. According to the Vietnam Leather and Footwear Association (Lefaso), the Vietnamese leather and footwear industry still maintains a competitive advantage in traditional markets. For example, in the US market, the removal of preferential policies for footwear exported from China and India is creating more favorable competition opportunities for Vietnam's export footwear.

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