Indonesia, Vietnam and Cambodia are competitors in contending for the production of shoes and leather products on the run from China. But also aware that this process generates for all growth prospects. In Indonesia, the local shoe industry association estimates an export growth of 6% for 2016 and has an export of shoes 5-10% increase in 2017. Thanks to the Chinese relocation and also because, wrecked the TPP, Vietnam It will have advantages in exports to the US. Just in Hanoi was presented a new business plan for the development of the industry “Leather and Footwear”. It drives up to 2025, with indications until 2035. The Government expects strong growth in two sectors: + 10-15% per year between 2016 and 2020; + 8.9% between 2021 and 2025; + 4-5% between 2026 and 2030 for a value of 24 billion to 26 billion in 2020 to 50-60 billion in 2035 dollars of export. According to the Asian Development Bank, however, GDP in Cambodia will increase by 7,1% both in 2017 that in 2018, driven by production and export of clothing and footwear. The growth has a dark side represented by certain risks that could jam the trend of exports as a slowdown in the euro zone sales, a tightening of international credit and an increase in the dollar exchange rate.
Shoe industry runs from China. Vietnam, Indonesia and Cambodia to step in at its place
