International shoe & leather expo to take place this month
The 22nd International Shoe & Leather Exhibition – Vietnam is slated for November 16 – 18 at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.
HCM City (VNA) - The 22nd International Shoe& Leather Exhibition – Vietnam is slated for November 16 – 18 at the SaigonExhibition and Convention Center (SECC) in Ho Chi Minh City.
Gathering top businesses from Vietnam, Italy, Germany, theRepublic of Korea, and China, among others, the expo will display products, materials,machinery, and new technologies of the industry.
It is an opportunity for firms to popularise their goods,update market information, and seek potential partners.
According to the Vietnam Leather, Footwear and HandbagAssociation, in the first 10 months of this year, the leather and footwear’sproduction and employment index grew 17.7% and 20.9% year-on-year,respectively.
The sector’s export value increased by more than 36%, withthe strongest turnover rises posted in the markets of South America (41.8%),North America (41.8%), Europe (41%), Oceania (28.3%), and Asia (20.2%).
Vietnam has set a goal to push the rate of domestic leatherand footwear supply to between 75-80% by 2025.
The country earned 20.78 billion USD from overseas shipmentsof the products in 2021, up 4.6% from 2020, including 17.77 billion USD fromfootwear alone. Various world-famous brands, including Nike, Adidas, Reebok,and Puma, have selected Vietnam as a destination for outsourcing and settingproduction bases./.
Vietnam’s leather and footwear export saw rosy signs in the first quarter of this year compared with the same period last year, with footwear export turnover reaching 4.74 billion USD, up 13.5 percent.
With 80 percent of workers returning to work in factories and abundant orders right from the beginning of the year, the footwear sector has seen bright prospects for this year.
Overseas shipments within the first seven months of 2022 earned more than 14 billion USD for the leather and footwear sector, an annual increase of 13%.
Vietnam's leather and footwear enterprises face many challenges in the remaining months of 2022, especially the lack of market information, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative photo (Source: VNA) 
