News

Footwear Export Markets

Vietnam’s footwear export industry has established itself as a key driver of economic growth, showcasing steady revenue increases over the years. The main export markets include:

• Europe (EU): A significant market with high demand, especially after the EVFTA came into effect, offering substantial tariff advantages.
• United States: Vietnam’s largest footwear export market, accounting for approximately 35% of the industry’s total export revenue.
• Asia: Countries like Japan, South Korea, and China are key partners with growing demand for high-quality footwear.
• Emerging Markets: Canada, Australia, and the Middle East are also showing significant potential.

Preferential Tariffs and HS Codes

Preferential Tariffs
Free Trade Agreements such as EVFTA, CPTPP, and RCEP have substantially reduced import tariffs on footwear products. Depending on the market, tariffs may be reduced by 5-10% or completely eliminated if origin rules are met.

HS Codes
Common HS codes for footwear exports include:

• 6401: Waterproof footwear (rubber or plastic).
• 6402: Other footwear made from rubber or plastic.
• 6403: Footwear made from natural leather.
• 6404: Footwear made from textiles or other materials.
• 6405: Other footwear not classified elsewhere.

It is crucial for businesses to identify the correct HS code to apply the appropriate tariff rate and avoid errors during customs clearance.

Footwear Export Process

Step 1: Identify Markets and Partners

• Ensure products meet technical standards, environmental requirements, and safety criteria of the import market.
• Sign a commercial contract (Sales Contract) with the importing partner.

Step 2: Prepare Customs Documents
Required documents include:

• Electronic customs declaration.
• Invoice (Commercial Invoice).
• Packing List.
• Bill of Lading.
• Certificate of Origin (C/O), if required.
• Quality or safety certification (depending on the market).

Step 3: Product Inspection and Certification

• Conduct product quality inspections, especially for markets with strict requirements such as the EU.
• Register inspections for production processes or raw material origins if necessary.

Step 4: Customs Clearance

• Submit documents via the VNACCS/VCIS system.
• Pay fees and complete procedures at the port or airport.

Step 5: Delivery and Monitoring

• Ensure timely transportation and proper product handling.
• Monitor shipments to promptly address any issues that arise.

 >>Read more: Exporting Goods To Dubai 2024

Footwear Export Procedures

Key steps include:

• Verify the product list allowed for export according to regulations.
• Prepare complete export documentation to avoid delays.
• Register for a Certificate of Origin (C/O) to enjoy tariff benefits.

Important Notes for Footwear Export

• Technical Standards: Products must meet market standards such as REACH (EU) and CPSIA (USA).
• Certificate of Origin: Ensure the C/O is accurately issued as per trade agreement requirements.
• Packaging: Footwear should be securely packed to prevent damage during transit.
• Delivery Timeline: Plan accurately to avoid delays, especially for large orders.

Footwear exports not only play a significant role in Vietnam’s export revenue but also offer immense potential for growth, thanks to the benefits from trade agreements. Businesses should focus on streamlining processes, adhering to international standards, and ensuring product quality to maintain a competitive edge in global markets.

Contact KFLV for Support

King Freight Logistics Vietnam (KFLV) is committed to delivering safe and efficient footwear shipping services, helping businesses optimize costs and meet project deadlines. Contact us at (+84) 938.188.796 for the best consultation and support.