Vietnamese Raw Materials For Leather Shoes And Handbags Generate "Phagocytic" Profits

< p > > a href= "http://? Www.sjfzxm.com/news/index_x.asp" > Vietnam leather shoes < /a > and handbags export rapidly increase, and become Vietnam's third largest export industry.

However, 70% of the leather and other raw materials needed for leather shoes and handbags industry in Vietnam rely on imports. At the same time, due to dispersed production and lack of skilled workers, Vietnam's a href= "http://cailiao.sjfzxm.com/" > leather industry < /a > has been suppressed.

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P Vietnam government is committed to breaking away from the import dependence of leather raw materials and improving localization.

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< p > from Asian media "intellasia" June 25th report, Vietnam leather and Footwear Association said that Vietnam's leather shoes and handbags will reach US $12 billion this year, and will achieve the expected export target.

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Last year, the export of leather shoes and handbags reached US $10 billion 400 million and became the third largest export industry in Vietnam. P

"Exports in the first quarter of this year were in good condition, leather shoes exports increased by 14%, and handbags exports increased by 18%."

DiepThanhKiet, vice president of leather and Footwear Association.

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< p > however, the factors such as scattered production, underdeveloped supporting industries and lack of skilled workers have suppressed the sustainable development of leather industry in Vietnam.

Last year, Vietnam imported leather and other raw materials up to 4 billion 200 million US dollars, equivalent to 40% of the total leather exports.

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< p > at present, 70% of leather made of leather shoes and handbags needs to be imported. The main source of imports is Korea, Taiwan, Italy and Thailand.

When asked whether the current problems in Vietnam and China will affect the import of leather, DiepThanhKiet said the impact is not great, because only about 6%-7% of leather is imported from mainland China.

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< p > textile industry is also somewhat similar.

At present, only 40% of cloth and other raw materials can be purchased locally in Vietnam. Vietnam calls for $3 billion a year to import cloth and other raw materials from abroad. The main source of imports is China.

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Less than P, however, the trend of textile production has shifted from China to Vietnam. At present, Vietnam is consulting with other countries and organizations about the free trade agreement. The signing of the free trade agreement will make more benefits to manufacturers moving to Vietnam.

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< p > in the next five years, the raw materials produced by Vietnam will meet 50% of the demand, and the rest will be imported from Taiwan, Vietnam and Indonesia.

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"Vietnam's wage level is lower than that of China. Vietnam's demand for products is very high at home and abroad, and Vietnam will join the p Pacific Cooperation Agreement, so Vietnam's leather and handbag industries will explode enormous potential," P said.

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PhanChiDung, director of the Light Industry Department of Vietnam's Ministry of industry and trade, said that according to the government's plan, the proportion of "made in Vietnam" in leather products industry will increase to 60%-65% in 2015, and this proportion will increase to 75%-80% by 2020. P

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Less than P, however, he admits that this goal is more difficult. But Vietnam and the EU have identified the free trade agreement and will join the p Pacific Trade Cooperation Organization at the same time. This will greatly enhance the proportion of "a href=" http:// www.sjfzxm.com/news/index_h.asp "Vietnam made /a /a" in the leather industry.

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