Italy assists the development of Vietnam’s garment and other industries
According to the United Nations Industrial Development Organization, Italy plans to provide US$4.3 million to revitalize Vietnam’s clothing, leather shoes and decorative wood industries. Three industries will receive assistance aimed at improving products, improving design technology, improving cost management systems and marketing. Although these three industries are among Vietnam’s leading export industries, they are still highly dependent on foreign raw material imports and designs.
In the global market, Vietnam’s shoe exports rank behind China. Among the world’s textile and clothing exporting countries, Vietnam ranks among the top 10. Vietnam’s shoe exports exceeded US$4 billion in 2009, and textile and clothing exports exceeded US$9 billion.
According to statistics from the Vietnam-Italy Chamber of Commerce, Vietnam’s exports to Italy in 2009 mainly consisted of clothing, furniture, footwear and seafood, reaching the US$1 billion mark.
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