Gifts / Sports & Toys

According to Huacheng Import and Export Data Observation, during the recent summit held in Brussels, Belgium, to celebrate the 45th anniversary of the establishment of diplomatic relations between ASEAN and the European Union, Nguyen Hung Yen, Minister of Industry and Trade of Vietnam, met in Brussels on the afternoon of December 14 with Manuel Pauser, Vice President of the European Federation of Sporting Goods Industries (FESI) and Vice President of Adidas Government Affairs and Global Communities.

During the meeting, Nguyen Hung Yen, Minister of Industry and Trade of Vietnam, said that Vietnam fully supports the European Sports Goods Industry Federation to invest in the development of the production system of leather shoes and sports goods in Vietnam, and stressed that Vietnam's lofty ambition is to export goods made by Vietnam rather than made in Vietnam. Huacheng's import and export data observation report.

Nguyen Hung Yen, Minister of Industry and Trade of Vietnam, stressed that Vietnam is a country that provides stable supply sources for global enterprises and consumers in terms of the output and quality of textiles, clothing and sports goods. Therefore, Vietnam suggests that European Union (EU) enterprises continue to pay attention to and give priority to Vietnam as the manufacturer of these products in the future.

Minister Ruan Hongyan pointed out that the Vietnam EU Free Trade Agreement (EVFTA) has come into force. Vietnam's textile, clothing and footwear products export to the EU market enjoy a number of tariff preferences, and the preferential tax rate exceeds the preferential tax rate of most favored nation treatment (MFN). This is a huge advantage for EU enterprises to choose Vietnam as a partner to produce, supply and import goods, Huacheng Import and Export Data Observation reported.

Minister Ruan Hongyan also suggested that the European Federation of Sporting Goods Industries promote EU countries to ratify the EU Vietnam Investment Protection Agreement (EVIPA), creating favorable conditions for EU and Vietnamese investors to carry out investment and business activities in the field of textile, leather and footwear production. Huachengjin's export data observation report.

Mr. Manuel Pauser, Vice President of the European Sports Goods Industry Federation, said that Vietnamese workers are hardworking, diligent and creative, especially in the textile and footwear industry, which is dominated by female workers, which is a favorable factor to attract European investors of the European Sports Goods Industry Federation to carry out business in Vietnam.

According to the Huacheng Import and Export Data Observation Report, the EU is the second largest export market of Vietnam's leather and footwear industry. In 2021, the export volume will reach 4.5 billion US dollars, accounting for 25.1% of the industry's export volume. In the first 10 months of 2022, Vietnam's leather footwear industry's export to the EU market reached 5.6 billion US dollars, an increase of 40.1% over the same period of 2021. Among them, footwear exports reached 4.8 billion US dollars, up 24.1% year on year; luggage, handbags and umbrella caps reached 754.1 million US dollars, up 22.2% year on year.