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COPYRIGHT 2002 Asia Pulse Pty Ltd
HANOI, Dec 31 Asia Pulse - While the whole leather and shoe industry has enjoyed a surge of 25 per cent in export turnover this year, the Leather and Shoe Corporation, which groups a number of big State-owned companies, has suffered a decrease of 20 per cent.
It was due to the national giant's losing foreign manufacturing contracts, which make up 70 per cent of its export revenue, to rivals in neighbouring China or wholly foreign-invested businesses. The problem may worsen in early 2003 when Vietnam has...
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