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Economics

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Foundation of Binh Duong Leather and Footwear Association

On July 19th, the meeting of Binh Duong Leather and Footwear Association’s (LFA) foundation was held at provincial Department of Industry and Trade. LFA’s Executive Committee presented at the meeting The LFA is to share experiences of manufacturing, production management; cooperate with each other to improve competitive advantages; help member accessing governmental funds, foreign funds to solve problems of finance, technologies, management… Director of Nam Binh Company Mr. Nguyen Quang Vu as Chairman of LFA and the Executive Committee of the association were also appointed at the meeting. LFA has initially 15 members and will increase its member quantity in the future. Currently, the province has over 100 businesses in this industry. They ran smoothly during the first 6 months. European, U.S. market recovered strongly while Japanese market expanded significantly. The foundation of LFA was a great effort and a sound basis for the provincial leather – footwear industry to develop powerfully in the future. Reported by Khanh Vinh – Translated by Ngoc Huynh
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