3:26:35 PM | 7/8/2005
Vietnam's footwear exports to the US are forecast to maintain growth of over 30 per cent in 2005, with export turnover of US$550-600 million, according to the Vietnam Commercial Bureau in the US.
Vietnam currently ranks fifth among footwear exporters to the US, after China, Italy, Brazil, and Indonesia, with a share of around 2 per cent of US imports, said the Ministry of Trade.
Despite accounting for 9 per cent of Vietnam’s total export turnover to the US, the footwear sector has seen a stable annual growth rate of 40-50 per cent with major products of sports and female shoes since the Vietnam-US Trade Agreement became effective in 2002.
In 2004, Vietnam’s footwear export turnover attained US$415.5 million, accounting for 25 per cent of the country’s total export turnover.
Vietnamese
