Vietnam: shoe manufacturers must invest in ‘gree - sportstextiles: Lea SportsTextiles

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Vietnam: shoe manufacturers must invest in ‘greener’ factories

03/08/2023
The vice-chairman of Vietnam’s Leather, Footwear and Handbag Association (Lesfaso) has warned manufacturers they must focus on making their businesses more sustainable or they will be unable to export to Europe once the EU's carbon border adjustment mechanism (CBAM) comes into effect in 2026.

Di?p Thành Ki?t told local press the association expects production to be down in 2023 compared with last year. 

If production and orders recover in the third quarter, annual export turnover will reach around $25.8 billion, 7.5% lower than last year. However, if there is no recovery, export turnover will reach around $24.4 billion, or 14% lower.

Maxime Rogeon, head of footwear at Decathlon Vietnam, said Vietnam has advantages such as free trade agreements and 50% of raw materials are also made in the country. However, it needs to increase options for ‘green logistics’ and faster shipping, as well as boost investments in Industry 4.0 and automation.
 

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