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    Orders continue to roll-out from China, Vietnam bags rapid export growth

    2013/12/25      view:
    Orders continue to roll-out from China, Vietnam bags rapid export growth
    2013-08-19 12:48 Source: Vietnam Economic Times
    According to the "Vietnam Economic Times" reported on March 20, 2011 Vietnam exports amounted to $ 1.3 billion bags, an increase of 34%. The more bags in the first two months exports to major consumer markets continued to achieve better results.

    Among them, exports to the U.S. was $ 71.6 million, exports to Japan amounted to $ 30.6 million, to $ 18.2 million German exports, exports to South Korea was $ 11 million, to $ 7.4 million French exports. However, foreign companies accounted for approximately 70% of Vietnam's total export bags. However, according to statistics of Vietnam Leather and Footwear Association, said increasing local production of bags, luggage companies more production capacity has reached 200 million / year.

    2012 Vietnam bags export growth target of 15%, much higher than the 3% growth in the textile and garment target. According to the Vietnam-related businesses reflect bags, designer bags in the world to continue to shift from China, such as Vietnam, Indonesia and India to seek cheaper processing costs. To this end a number of Vietnamese footwear companies have increased investment goods production equipment to meet the processing needs of foreign investors