Deputy PM Trinh Dinh Dung works with LEFASO

Friday, 2016-11-25 12:25:23
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Deputy PM Trinh Dinh Dung works with LEFASO
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NDO – The Government will make a number of policy adjustments to encourage the development of the leather, footwear and handbag industry.

The remark was made by Deputy Prime Minister Trinh Dinh Dung during his working session in Hai Duong province, on November 21, with the Vietnam Leather, Footwear and Handbag Association (LEFASO).

The Deputy PM affirmed that the leather, footwear and handbag industry is a key industry, which plays an important role in Vietnam’s export trade.

The leather and footwear industry posts an annual growth rate of 9.7 percent on average. Made in Vietnam shoes have been exported to 50 nations but met only 40 percent of local demand, approximating 150 million pairs a year.

Deputy Prime Minister Trinh Dinh Dung highly appreciated the efforts of the leather, footwear and handbag industry over the past time.

However, he also said that the weakest point of Vietnam’s footwear industry is the serious shortage of key materials for manufacturing as well as skilled workers and engineers. Domestic companies are also inept to develop and market their products and fail to compete in term of prices.

The Deputy PM asked the Ministry of Industry and Trade to make adjustments to the plan in order to develop the leather and footwear industry, which will focus on assisting them to boost exports, have more effective solutions to create a fair competitive environment in Vietnam so that they can develop both foreign and domestic markets and speed up the sustainable growth of the industry.