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VN steps up footwear exports due to preferential tax

Jul 11th at 10:48
11-07-2014 10:48:07+07:00

VN steps up footwear exports due to preferential tax

Viet Nam earned US$4.8 billion from exporting footwear in the first half of this year, a year-on-year increase of 21.9 per cent.

Exports attributed the increase to the Generalised System of Preferences (GSP) tax, offered by the European Union to Vietnamese exporters since January.

Earnings from footwear exports to the traditional markets of the US, Japan, Belgium and Germany soared during the reviewed period, while those from a number of other markets such as Chile, Greece and Poland also surged drastically. Along with new business opportunities, this increase is expected to help the sector reach its export turnover target of about $11 billion in 2014.

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