Bags / Shoes & Accessories

According to customs data, Vietnam's footwear export in September was US $2 billion, down 30% month on month from August (US $2.6 billion).

Pan Qingchun, vice chairman and secretary-general of Vietnam Footwear Luggage Association, pointed out that due to factors such as rising inflation and declining purchasing power, Vietnam's exports of fashion, footwear and other products to major markets such as the United States, the European Union, Japan, South Korea and China have slowed down significantly. According to customs data, these five markets account for 80% - 90% of Vietnam's total footwear exports. At present, Vietnamese shoe enterprises mainly rely on old customers to maintain order production. Customers are more cautious about new orders, and there are few long-term orders. At this time in previous years, Vietnamese shoe enterprises can generally arrange their orders to the end of the second quarter of the next year.

According to customs data, although footwear exports in September fell month on month, Vietnam's footwear exports in the first nine months of this year reached 21 billion US dollars, higher than the same period last year. Therefore, there is still great hope to achieve the annual export target set at the beginning of the year, which is expected to reach 23 to 25 billion US dollars.