Vietnam’s leather and footwear industry is set to experience substantial growth in export revenues this year, with projections estimating earnings of $26-27 billion.
This marks a notable year-on-year increase of $3 billion, demonstrating the sector’s strong performance and potential for continued expansion. The country’s skilled workforce, competitive production costs, and favourable trade agreements contribute to its attractiveness as a manufacturing hub for international brands. With this anticipated growth in export revenues, Vietnam’s footwear and leather industry is poised to strengthen its position in the global market and drive economic growth within the country.