So far, Vietnam is the second biggest footwear exporting country to Canada, just behind China as the country is accounting for 8 percent of market in Canada.
Statistics show that Canada is a big potential market as its annual importing revenue is up $1.1-1.3 billion (leather–capped shoes contributing $700-750 million) and representing signals of interest in Vietnamese goods.
Vietnamese enterprises are exporting two major goods categories to this market, including leather–capped shoes that are under anti–dumping lawsuit in European Union and knitting–capped shoes.
In the first five months 2006, Vietnam exported $31.32 million worth of goods to Canada, up 26.23 percent, of which leather–capped shoes accounted for $11.26 million (year–on–year growth of 75.74 percent) and $9.06 million from knitting–capped shoes.
However, enjoying such high growth, Vietnamese enterprises are facing a lot of risks related to anti–dumping case by Canada and need to find out suitable solutions, industrial experts advised.
Based on experience of the case led by EC, these experts proposed footwear industry to pay more attention to goods of high exporting value, and to diversify goods categories.
In Canada, Vietnamese footwear enterprises are facing fierce competitions from other exporters, including China, Indonesia, Spain, Brazil, Malaysia and Thailand.
Fibre2fashion, News Desk - Vietnam
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