A leader of the Vietnam Leather, Footwear and Handbag Association (Lefaso) highlighted that a 46% tariff would severely affect an industry employing over 1.2 million workers, 90% of whom are women.
Domestic enterprises are suggested taking advantage of global supply chain shifts as Vietnam is emerging as an attractive investment destination for global investors.
Viet Nam has turned itself into a rising star in global supply chains, gaining substantial global market share in such sectors like textiles, footwear and consumer electronics, according to a report released by the HSBC.