Vietnam'S Footwear Exports Amounted To US $1 Billion 740 Million In May.

Vietnam exported about 380 million dollars of footwear products in May 2008, and accumulated about 1 billion 740 million dollars in footwear in the first 5 months of this year, up 12.9% over the same period last year.

Vietnam also exported $75 million in handbags, hats, suitcases and parasols in May this year, and exported $325 million in the first 5 months. The products grew by 30.5%.

Vietnam shoe manufacturers had many difficulties in operation in the first 5 months of this year. The main reason was that they had to face the adverse effects of the sales price of raw materials and other raw materials, which would affect the growth rate of the export industry.

Up to now, the European Union has not yet provided GSP treatment to Vietnam, so Vietnamese shoe manufacturers should adopt synchronous management mechanism and save production expenses to maintain and enhance the competitiveness of Vietnam's footwear market. Vietnamese shoe makers have long planned to improve their footwear styles, develop new products, sell them and enter new markets abroad.