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VietNamNews

Footwear exports fetch more than $1.1b

Update: July, 31/2014 - 08:48
The southern province of Dong Nai has earned more than US$1.1 billion from footwear exports in the first seven months of this year. — Photo dddn
DONG NAI (VNS)  — The southern province of Dong Nai has earned more than US$1.1 billion from footwear exports in the first seven months of this year, up 12.8 per cent year-on-year.

According to Director of the provincial Department of Industry and Trade Le Van Danh, in July alone, the export of this product brought $167 million to the province, up 16.4 per cent over the previous month and 5.1 per cent compared to a year earlier.

He said that growth was seen in almost all markets, led by the Republic of Korea with $323 million and the US with $309 million. They were followed by Belgium with $98 million, China with $50 million and the UK with $75 million, he said.

Local businesses attributed the growth to the Generalised System of Preferences (GSP) that the European Union has granted to Viet Nam, coupled with the economic recovery in many markets, including the EU and the United States.— VNS


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