Vietnam Has Broken Through To Become Canada'S Largest Trading Partner In ASEAN.

In 2015, Vietnam became Canada's largest trading partner in ASEAN, with two-way trade amounting to US $3 billion 709 million, an increase of 23.9% over 2014.

Vietnam's trade balance with Canada reached US $3 billion 200 million, an increase of 24.8% over the same period last year.

In 2015,

Imports from Canada totaled 513 million US dollars, up 18.7% from the same period last year, accounting for 0.13% of the total exports of Canada.

Vietnam ranked thirty-fifth in Canada's list of import trade partners, up four from 2014.

According to the statistics released by Canada's Statistics Bureau, Vietnam's exports to Canada accounted for 0.76% of the country's total import and export volume in 2015.

Vietnam ranked twelfth in Canada's export trade partners, up five from 2013.

Compared with other ASEAN countries, Vietnam and Canada trade in the first place in Vietnam and ten ASEAN countries, followed by Thailand (3 billion 200 million US dollars), Indonesia (2 billion 700 million US dollars) and Malaysia (2 billion 600 million US dollars).

In 2015, Vietnam's main exports to Canada included electrical and electronic equipment;

Footwear; printing presses, fax machines, computers and parts; wooden products; marine products;

Handbags; cashew nuts; processed foods; iron and steel products and so on.

Among them, the largest and fastest growth of exports were power and electronic equipment, and export and export growth rates were 807 million US dollars and 208.9% respectively.

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The development of Vietnam's footwear industry has three short plates at the same time, which is just the development opportunity of Jinjiang shoe industry chain's complementary advantages.

The first big short board is Vietnam's raw materials, which depend on imports, according to Ke Yu.

Vietnam shoe industry started late, although its reform and opening up began in 1986, the development of shoe industry has been not angry, material is extremely scarce, until the end of the last century, still with processing form of scattered orders, the whole shoe industry lacks the core advantage, shoe material and other related supporting production still needs to be improved.

By the end of 2014, the proportion of localization of Vietnam's footwear industry was only 55%, while 45% of raw materials needed to import.

According to Vietnam's domestic media, Vietnam now imports most of its raw materials for shoemaking every year, and local businesses can only produce low quality canvas, soles and shoe lines.

Most of the shoe machine production equipment and shoes, leather and so on are still import oriented. Among them, only one shoe making material and one leather import account for more than 70%, and to a certain extent, it will pose a great challenge to the fast developing shoe industry in Vietnam.

How to solve the problem of raw materials, meet the needs of integration and increase the proportion of localization, is the subject that Vietnam's shoe industry must deal with.

"At present, China accounts for a large proportion of Vietnam's shoe and clothing raw materials imports, and this is an excellent opportunity for Jinjiang shoe materials to go out."

Second, lack of technological innovation.

From the present point of view, as the world's fourth largest exporter of footwear, the advantage of Vietnam's footwear industry is lower labor costs. But in the long term development, it is not enough to display the strength of the labor force alone.

The low labor cost is only relative to that. With the development of society, factors like price, consumption, inflation, currency and so on will be diluted.

Now Vietnam's footwear industry lacks technological R & D capability to design and build its own brand and production line.

Although labor costs are low, most workers have limited technology and low productivity.

In the next 5 years, if the footwear industry does not invest more in designing and researching new products, production capacity and distribution, the development of Vietnam's footwear industry will be in a bottleneck.

Third, investment environment.

Influenced by political factors, Vietnam frequently attacked violence against foreign investors and enterprises. To a certain extent, it increased the risk of industrial investment.

Such unstable events in the political environment will greatly affect and impede the enthusiasm of foreign businessmen to invest in Vietnam. Coupled with the long term inflation problems left behind by the rapid reform and the strained labour relations in many years, they will be the challenges that Vietnam's shoe industry has to face.

In view of the fact that Vietnam is not standardized in the local shoe accessories market and the supporting industry chain is not mature, many manufacturers and traders in Fujian and Zhejiang are hoping that Vietnam has a professional shoe market. Under the convening of Ke Yu, several leaders of the Fujian chamber of Commerce in Vietnam jointly established Vietnam Fujian International Investment Co., Ltd., and began planning the Vietnam shoe clothing (China) logistics park plan.

According to Ke Yu, according to the design plan, there will be a showroom and office building with display and office as well as a professional workshop for supporting the storage and production of shoes and accessories. The whole design effect will be displayed in the Expo April 18 to 21 in Jinjiang. When it comes to landing, it will depend on the local government's approval of the park procedures.

The establishment of China's shoes and clothing industrial park will help enterprises in Quanzhou's shoes and apparel industry chain go out and take the "one belt and one road" ride to better serve the international market.