Footwear exports to US18 June 2005
In the first four months of this year, Vietnam increased its footwear exports to the US by 30%, grossing US$111.9 million, the highest turnover among the country's key footwear markets. This is set to rise in coming months, as the US is implementing a policy to limit footwear imports from China. Brazil, a strong rival of Vietnamese footwear, is facing difficulties in exporting to the US because of a strong Brazilian real. In addition, Vietnam's footwear exports to Italy and Spain have also shown signs of recovery after a long period of decline. Earnings from footwear exports to Italy increased 13% to $36.51 million and to Spain 19% to $19.39 million for the same period.