Vietnam's leather, shoe industry eyes 10% export growth

Sustainable strides: Customers outside a shopping mall in Ho Chi Minh City. The leather and footwear enterprises have expanded into new export markets, such as the Middle East, South America and Africa with large consumption potential. — Bloomberg

HANOI: The leather and footwear industry has set a target of achieving export value of US$29bil this year, an increase of 10% year-on-year (y-o-y), according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).

At a conference reviewing the leather and footwear industry in 2024 held here last Friday, Phan Thi Thanh Xuan, the association’s vice-chairwoman and general secretary, said that achieving this goal will depend on consumer demand and implementing green standards and sustainable development requirements set by foreign markets.