Vietnam'S Domestic Market Demand For Footwear Exceeds US $1 Billion 500 Million.

According to the Vietnam Economic Times website July 8th,

Supplement:

In May this year, Vietnam's footwear exports amounted to 415 million US dollars, an increase of 10% over the month, the highest monthly export volume this year.

Footwear exports in the first 5 months were $1 billion 800 million, an increase of 7.7% over the same period last year.

But now shoe makers are suffering from labor shortages and are worried about the goal of exporting $5 billion this year.

Hu Zhiming shoemaking Association says, now the shoe export enterprises are generally short of labor, generally lack of 200-300 people, more than 500 people.

According to the International Monetary Fund IMF forecast, Hungary's economic growth rate will grow to 3% in 2010, and PPP relative purchasing power will reach US $21591.

Although Hungary still can not completely escape the impact of the global financial turmoil in 2009, Hungarian people expect the global economic and trade recovery in 2010. The prime minister Mr. Gordon Bajnai, who has just been in office for 1 years, can really implement the reform of the economy and trade, and will bring Hungary out of the financial crisis and economic recession as early as possible. According to Hungarian economic and trade scholars, the Hungarian fiscal deficit narrowed to 2.8% of GDP in 2009. It is predicted that 2010 fiscal revenue (including EU subsidies) will account for 42.8% of the proportion of Hungary's GDP, which will establish a good foundation for the development of Hungary's 2010 economic and trade development.

With the rapid opening up of the market and the development of foreign investment, Hungary's retail channel market is very developed.

Whether it is general products, information products, household appliances, building materials, hardware and DIY products, furniture, bedding, Houseware, sporting goods and baby products, there are clustered stores, such as Tesco, Auchan, Metro, Cora, Electro World, Media Mart, OBI, Praktiker, OBI, and so on, which are distributed in various towns and towns in Hungary, and the price competition is fierce.

Since Hungary's price growth rate is often higher than Hungary's salary growth rate, Hungary's real income has not increased. Therefore, Hungarian consumers are still deciding on purchasing factors based on price.

Before 1989, Hungary was a communist country, which was closely related to China and Vietnam at that time.

Since the collapse of the Soviet Union, Hungary has developed a free economy, more active than China and Vietnam.

With the booming development of China and Vietnam, these immigrants have also introduced their home country products to Hungary.

Because Chinese and Vietnamese consumer products such as clothing, footwear, stationery, toys and leather bags are highly competitive, they almost destroy Hungary's local manufacturers and intermediate goods manufactured in Western Europe. Besides, all kinds of low-grade consumer electronics products made in China are gradually entering the mainland market at low prices if they are juice machines, irons and blenders.