Local footwear firms urged to develop effective supply The domestic leather and footwear industry should work to build up its raw material supply chains to ensure sustainable future development. That was the suggestion from the Ministry of Industry and Trade in a recent statement offering growth advice. The industry needed to invest more in raw materials as it was too reliant on imported parts, the ministry said, adding this meant the sector was vulnerable to price volatilities in the world market. The ministry also encouraged footwear producers to restructure and expand retail networks, while paying more attention to advertising their trademarks in the international arena and seeking new export outlets. The country’s footwear exports hit US$2.25 million over the past four months, up 9 per cent year-on-year, according to the ministry’s statistics. Local experts said the industry had enjoyed favourable conditions for boosting exports as most local businesses received steady orders for the second and third quarters of this year. According to the Viet Nam Leather and Footwear Association (Lefaso), many Vietnamese producers were turning to new markets, including the US and Japan, in addition to their traditional business in the EU. The sector would aim for export turnover of…
- 50 Tips For Using The Phone To Build Your Network Marketing Business!
- Tips When Picking Promotional Gift For New Businesses
- A Brief History of Steinway Pianos
- How to Market For Free and Save a Fortune in Advertising Costs For Your Business
- 14 Things to Consider Before Your Shift Hits the Fan
- Wedding Banquet Parable of Jesus' - Matthew 22:1-14 Commentary
- What To Include In A Press Release
- The Interview - Are You Prepared?
- The 4-Hour Work Day - Shadowing Fortune 500 CEOs and Self-Made Millionaires
- How A Strategic Approach to Your Elevator Speech Gets You to Follow Your Plan (or Create One)
BUSINESS IN BRIEF 14/5 have 294 words, post on at May 14, 2013. This is cached page on wBlogs. If you want remove this page, please contact us.