INFORMACIÓN DE MODA, TECNOLOGÍA Y MERCADOS PARA LA INDUSTRIA DEL CALZADO
NEWS | REPORTS | Vietnam
Vietnam | 08/14/2019

Would benefit the footwear industry, agreement with the European Union

​Vietnam and the European Union recently signed a Free Trade Agreement, which would be beneficial for the footwear industry. On the one hand, the imminent tariff reduction of sports shoes will make the sector more competitive, especially in this type of footwear that represents two thirds of the business of the sector with the European Union.

Among other benefits, investment in developments for the manufacture of materials by international firms would also be encouraged, in order to take advantage of the origin. This would increase the use of local materials, said the vice president of the Vietnamese Association of Leather, Footwear and Bags (LEFASO) - Phan Thi Thanh Xuan-, Vietnam Plus reported.