Vietnam remains world's second-largest footwear exporter in February
Vietnam remained the world's second-largest footwear exporter in February, after China, with a turnover of 1.17 billion USD, according to statistics released by the General Department of Customs.
Hanoi (VNA) – Vietnam remained the world's second-largestfootwear exporter in February, after China, with a turnover of 1.17 billion USD,according to statistics released by the General Department of Customs.
Vietnam’s footwear products were shipped to more than 150 marketsaround the world, accounting for 10% of the global supply. However, it marked a40.3% decrease compared to the previous month.
Vietnam’s footwear, in total,fetched 3.1 billion USD during the first two months of the year.
All major markets, including the US, the EU and the UK, reportedstrong growth of over 10%, especially the US with a turnover of 1.1 billion USD,a 25% increase year-on-year, accounting for over a third of Vietnam’s footwearexport.
China was Vietnam’s second largest buyer with over 318 million USDworth of footwear purchased, an 11.4% increase year-on-year, followed byBelgium with 191 million USD, a 10% increase year-on-year.
According to a development strategy for Vietnams’ textile, leather,and footwear industries by 2030, with a vision to 2035, the country aims toachieve footwear export turnover of 27-28 billion USD by 2025 and 38-39 billionUSD by 2030. The footwear industry has been projected to grow at a rate of10-12% annually during 2022-26./.
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Vietnam ranked second in the world, just after China, in footwear exports, with 1.5 billion pairs shipped overseas and a presence in 150 markets in 2022. Footwear exports last year brought in over 20.2 billion USD, marking the 26th consecutive year, since 1998, that footwear exports have been in the billion-dollar category.
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At a footwear factory in Hanoi. (Photo: VNA) 
