Vietnam’s footwear industry is on track to reach its export target of $27 billion in 2024, according to local press, after a recovery in orders.

Exports between January and September are estimated at $20 billion.

Phan Th? Thanh Xuân, general secretary of the LEFASO – the Vietnam Leather, Footwear and Handbag Association - said many manufacturers have orders until the end of this year and into the first quarter of 2025.

The garment industry is also recovering, according to the Vietnam Textile and Apparel Association. This is due to orders shifting from other countries such as Bangladesh, rather than a general increase in demand, it noted.