Vietnamese Footwear Manufacturers Strive To Meet UAE'S Needs

According to leatherbiz.com reported on Thursday, Vietnam Leather and Footwear Association (Lefaso) said that the number of footwear exported from Vietnam to the United Arab Emirates in recent years has been growing at an annual rate of 55%.

The delegation recently participated in the 2014 Dubai Footwear Exhibition (Dubai Footwear Expo 2014) held in UAE.

The association said that only 7 footwear companies in Dubai were produced locally, with an annual output of 250 thousand pairs, mainly sandals.

The purpose of this exhibition is to increase the export of footwear products to the UAE.

The United Arab Emirates imported $295 million in footwear in 2013, and the demand is expected to increase by about 5% a year, to 372 million US dollars by 2018.

China to the United Arab Emirates

The export volume remains the leading position, accounting for 65% of the total market share.

Most of them are from Italy, and Vietnam's contribution is also increasing.

Vietnam footwear manufacturers said they met many potential customers at the exhibition, but the most important thing was that they understood the UAE's requirements for product quality, consumers' demand for taste and fashion trends and the import and export regulations of the UAE.

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Figures released by the National Bureau of statistics on Thursday (November 20th) showed that retail sales in the UK rebounded strongly in October and were higher than expected in September.

This is helped by the accelerated growth of the UK property market earlier this year, which led to a substantial increase in furniture sales in October.

British retail sales rebounded strongly in October, according to the Statistics Bureau. The retail sales in the 10 quarter rose 0.8%.

The former value is down 0.4%, the worst performance since January this year, because the weather is warm enough to reduce the purchase of winter clothing.

Clothing sales remained weak in October, as the warm weather continued in October.

The bureau also said that the annual retail sales of the 10 quarter rose 4.3%.

Economists have predicted that the monthly retail sales in the 10 quarter of the UK will increase by 0.3%, with an annual rate of 3.8%.

In addition, retail sales rose to 0.4% in the three months from October to three in September, compared with 0.2% in the previous month.

Since mid 2013, consumer spending has been driving the strong recovery of the UK economy and is likely to continue to be the main engine of growth in the UK, resulting in continued weakness in UK exports as a result of slower growth in the euro area.

Since the financial crisis, British wage growth has been lower than inflation for a long time, while wage growth in October has shown some signs of recovery.

In October, the consumer price index was slightly higher than 1%.

However, according to the minutes of the meeting of the November meeting of the Bank of England released on Wednesday, the Bank of England policymakers are worried about whether individual demand can continue to offset the impact of export weakness and the impact of public sector spending cuts.

The National Bureau of Statistics said furniture sales were a major driving force for retail sales in the UK in October.

Earlier this year, UK mortgage approvals and housing sales grew strongly, although the temperature was beginning to cool down, but there was a 6 month gap between home purchases and furniture purchases, which led to a substantial increase in furniture sales in October.

In October, sales of clothing and footwear increased by 0.5% in the month, and nearly 6% in September.

Warm weather in October led to weak sales of clothing, but sales of footwear increased.

In October, the annual price index of stores decreased by 1.5%, the biggest decline since 2002.

The store price index has seen a rare two consecutive month of decline, probably due to the intensification of price wars between supermarkets and the decline in global commodity prices.

It is worth mentioning that British retail accounts for nearly 6% of the British economy.