According to the Ministry of Industry and Trade, the European Commission has officially resumed GSP for Vietnamese footwear after ceasing it for five years.
The EU’s decision, which will become effective from January 1, 2014, will allow Vietnamese footwear to re-enjoy duty preferences in the EU market.
Vietnam is now the second largest footwear supplier to the EU market after China.
Among products sold to the EU market, footwear is Vietnam ’s second biggest hard currency earner, with US$2.65 billion in 2012.
Last year, the country earned US$7.26 billion from selling footwear abroad, which accounted for 6.3% of its total export revenue./.
