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Footwear exports to Brazil soar

 

Vietnam exported over US$121 million worth of footwear products to Brazil in the first six months of this year, up 55 percent from a year earlier.

Footwear sector gaining ground

Trade with Brazil surges by 35 percent

This is an impressive increase for the sector despite the negative impact of the global financial crisis.

According to economic experts, the greater penetration of Vietnamese footwear into the Brazilian market will create an opportunity for Vietnamese exporters to expand their operations in other markets in South America.

Commentators also highlighted the opportunity and potential for Vietnam to continue exporting its footwear products to Brazil in the future, as recently the country removed Vietnamese footwear from the list of commodities on which anti-dumping taxes are imposed.

They said that this action will help Vietnamese businesses expand their export markets in the country.

Brazil is now one of the five biggest manufacturing and exporting countries in the world. It has also just decided to impose a 182 percent tax on Chinese footwear exports to limit the amount of footwear imports into the country.

Vietnamese footwear exporters should take advantage of this opportunity to establish an even larger market share in Brazil, say economic analysts.

 

Publisher：VOV

Release Date：2012/08/01

 

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