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Bangladesh - Leather sector poised for investment from Vietnam
12 March 2018

An agreement between the Leathergoods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) and Vietnam’s leather, shoe and bag association Lefaso, has paved the way for a Vietnamese company to invest around $100 million in Bangladesh’s leather sector, according to local media reports. 

The company in question was not named, but reports said LFMEAB will help it establish a factory on the outskirts od Dhaka or Chittagong. It will also assist the company in its dealings with the Bangladeshi government. 

Bangladesh benefits from preferential access to a number of markets, including the EU, Japan, Canada and Australia, and the unnamed Vietnamese company is reportedly looking to tap into these benefits. 

Report courtesy of Leatherbiz

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