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Vietnam:Footwear exports to double up by the year end |
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2004-9-24
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Footwear exports are on course to double by the end of this year, informed Nguyen Gia Thao, Chairman, Vietnam Footwear Association.
He said the industry had earned $1.36bn in exports since early this year, and expected to touch around $2.8bn by year-end. In face of competition, the 18-19% growth rate was significant, he acknowledged.
He said that eevn though the export turnover was high, the footwear industry had to value add as footwear companies worked on contract basis.
"If we want to have high added value, companies have to produce for themselves. But it requires large amounts of capital, and diverse markets and designs,” Thao said. As a result, most domestic companies use contracts to avoid risks and to ensure a profit.
While manufacturers relied on imported raw materials, Thao said the association had devised an development strategy for the foot wear industry, which awaited government''s approval.
Training of workers and enhancing skills of design and marketing staff including sourcing of the cheapest raw materials and selling finished products at the highest prices would be the focus of the new development strategy, he added. |
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