footwear industry in vietnam

remaining customers ask for late payments or discounts, causing challenges HAVE A QUESTION? 5 Top Footwear Manufacturers in Vietnam By AQF Team 5 Apr 2022 Home Manufacturing and QC blog 5 Top Footwear Manufacturers in Vietnam Vietnam is one of the world's largest footwear producers. , Aug 1, 2022. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Alena Footwear Company is a contemporary shoe manufacturing company in Vietnam. The proximity to China is another benefit as it allows suppliers to source materials from China directly. suffering low consumption triggered by COVID-19 as people in European nations and the US tend to reduce shopping while many supermarkets are closed Our consulting team answers your commercial questions with data and insights generated by our research experts, industry knowledge and 1,200 on-the-ground analysts in 100 developed, emerging and frontier markets. COVID-19 appeared in Vietnam in Vietnam and continued to impact the market in 2021 with it having a big impact on the lives of consumers. We estimate they are among the top 5 footwear manufacturers in Vietnam, with over 21 million pairs of shoes manufactured and exported every year. U.S. exports of footwear to Vietnam grew the fastest in 2017, rising by $63 million (54.3 percent), and Vietnam replaced Canada as the top export market for U.S. footwear. Economic and Policy Environment of Vietnam's Footwear Industry. It is also expected that, by 2023, 96% of sales in the Footwear market will be attributable to Non-Luxury. According to the analysis, Vietnam's footwear production and exports are expected to continue to grow in 2022-2031. Regarding worldwide ranking, Vietnam is currently the #2nd largest footwear manufacturer after China, with a 7.1% share of the world market. According to the analysis, Vietnam's footwear production and exports are expected to continue to grow in 2022-2031. Out of that total number, 75,000,000 pairs were textile footwear, and 282,000,000 were leather footwear. Hanoi Rubber Joint Stock Company also has an R&D team that can produce designs for customers. Their factory stretches over 10 hectares, and the factory capacity keeps expanding. sufficient orders to keep us busy for the remainder of the year, Ngoc was In 2021, Vietnam's footwear products were exported to more than 100 countries, with about 17.8 billion USD in footwear production. In was necessary for footwear companies to focus on exploiting domestic materials for sustainable development and make full use of tax incentives as well as Aside from footwear, we can also help you source related products such as: What is the main reason to start manufacturing shoes in Vietnam? Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Negotiating export terms/shipping logistics. Except during the pandemic, the industry has been steadily growing over the past decade and is predicted to double by 2031. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam's footwear exports to Canada and Mexico soar.Vietnam has signed many agreements with developed countries that are conducive to promoting exports, but the strength of Vietnam's local footwear enterprises remains weak and the major market share of Vietnam's footwear industry is occupied by foreign companies. If you are interested in sourcing from Vietnam, feel free to reach out to the team at Cosmo Sourcing; we have been helping clients source from Vietnam since 2014. Vietnam has a near-unlimited shoe manufacturing capacity. Do consumers want premium quality or fast fashion? Analysis of key supply-side and demand trends, Detailed segmentation of international and local products, Historic volume and value sizes, company and brand market shares, Five year forecasts of market trends and market growth, Robust and transparent research methodology, conducted in-country. and other countries, he said./. Antique and/or vintage footwear is also excluded. In 2021, Vietnam's footwear products were exported to more than 100 countries, with about 17.8 billion USD in footwear production. As a result, Adidas cut 50% of its production in China and moved almost all those jobs to Vietnam. The biggest trade show in Vietnam is the "International Footwear And Leather Products Exhibition," event that virtually every notable manufacturer attends. Vietnam's production volume of footwear steadily increased to approximately 313 million pairs in 2021 . (Photo: VNA). customers in this market cancelled 80 percent of orders. What % of apparel and footwear sales are made via grocery retailers? difficulties caused by the COVID-19 pandemic, Vietnam's footwear industry still achieved double-digit growth and some companies have received long-term orders. with textile uppers). This market includes athletic, casual, formal, and other town footwear but excludes work and safety shoes. China was the world's leading producer of footwear in 2021, with a total of approximately 12 billion pairs of shoes produced. What are the strategies adopted by the key players in the market to increase their market share in the industry? year-on-year to nearly 8.4 billion USD, accounting for 6.4 percent of the countrys Kingmaker Group has an impressive list of big-name clients such as Asics, CAT, Skechers, and Roxy. Thus, we have The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam's footwear exports to Canada and Mexico soar. Unfortunately, due to the COVID-19 epidemic, the 2020 event was postponed. So the world's biggest apparel brands made moves that clearly show how Asia's manufacturing sector is shifting and how the map is being redrawn. Sports footwear (broken out as a separate category) is included in total footwear figure. Kingmaker Group's factories were modernized in 2014, and since then, they have had a production capacity of 10 million pairs of shoes per year. TBS Group currently has 33 production factories and has been operational for over 25 years. With a population of nearly 100 million people, Vietnams domestic footwear market has always been a potential. In general, in the first quarter of 2021, the figure was estimated at 4,738 million USD, up 13.5% compared to the first quarter of 2020. Nike and Adidas both chose Vietnam over China for their footwear manufacturing HQ. Our Vietnam Sourcing services allow you to access new manufacturers that you would not be able to in China and avoid Tariffs. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In 2023, the revenue in Vietnam's Footwear market is projected to reach US$2.21bn, with an estimated annual growth rate of 5.72% (CAGR 2023-2028). An additional opportunity for Vietnam's leather industry lies in the recent global trend of leather interior products becoming more popular than wooden products - making this a huge market that the country can take advantage of. AN LAC is owned by the BS Footwear Company based out of Korea. Note: It's impossible to place orders through VietAZ, but you can contact suppliers from the website. Nike has more than 100 suppliers in Vietnam, with 96 factories concentrated in the southern region.Nike's arch rival, Adidas, has also chosen Vietnam as its main production area. The leather and footwear industry is said to be extremely prosperous when it has taken the initiative in 70% of raw materials for leather shoes in the medium segment, and 50% for products in the mid-range segment. What are the key drivers, challenges and opportunities for the footwear industry in Vietnam during 2022-2031? For companies related to the international footwear industry chain, there are many investment opportunities in Vietnam's market in the coming years.Topics covered: Key Topics Covered: 1 Overview of Vietnam1.1 Geographical Situation1.2 Demographic Structure of Vietnam1.3 Economy of Vietnam1.4 Minimum Wage in Vietnam, 2011-20211.5 Impact of COVID-19 on the Footwear Industry in Vietnam2 Development Environment of Vietnam's Footwear Industry2.1 Brief History of Vietnam's Footwear Industry2.2 Types of Vietnam's Footwear industry2.3 Policy Environment of Vietnam's Footwear Industry3 Supply and Demand Situation of Vietnam's Footwear Industry3.1 Supply Situation3.2 Demand Situation4 Import and Export Situation of Vietnam's Footwear Industry 2017-20224.1 Import Situation4.1.1 Import Volume and Import Value4.1.2 Main Import Sources4.2 Export Situation4.2.1 Export Volume and Value4.2.2 Main Export Destinations5 Market Competition in Vietnam's Footwear Industry5.1 Barriers to Entry in Vietnam's Footwear Industry5.1.1 Brand barrier5.1.2 Quality Barrier5.1.3 Capital Barrier5.2 Competitive Structure of Vietnam's Footwear Industry5.2.1 Bargaining Power of Footwear Suppliers5.2.2 Bargaining Power of Consumers5.2.3 Competition in Vietnam's Footwear Industry5.2.4 Potential Entrants in the Footwear Industry5.2.5 Substitutes for the Footwear Industry6 Analysis of Major Footwear Brand Companies in Vietnam6.1 Nike6.1.1 Development History of Nike6.1.2 Nike's Main Products6.1.3 Nike's Operation Model6.2 Adidas6.2.1 Development History of Adidas6.2.2 Adidas' Main products6.2.3 Adidas' Operation Model6.3 BINH TIEN IMEX CORP., PTE., LTD.6.3.1 Development History of BINH TIEN IMEX CORP., PTE., LTD.6.3.2 BINH TIEN IMEX CORP., PTE., LTD.'s Main Products6.3.3 BINH TIEN IMEX CORP., PTE., LTD.'s Operation Model6.4 Vinagiay Corporation6.4.1 Development History of VINAGIAY CORPORATION6.4.2 Main Products of VINAGIAY CORPORATION6.4.3 Operating model of VINAGIAY CORPORATION6.5 AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD6.5.1 Development History of AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD6.5.2 Main products of AN BA LEATHER FOOTWEAR ONE MEMBER CO.6.5.3 Operating Model of AN BA LEATHER FOOTWEAR ONE MEMBER CO.6.6 Saigeon Footwear Joint Stock Company6.7 Vinh Long Footwear Co.6.8 Sahara International Corporation6.9 Golden Star Company Limited6.10 Mai Nguyen Fashions Joint Stock Company7 Outlook on Vietnam's Footwear Industry, 2021-20317.1 Analysis of Vietnam's Footwear Industry Development Factors7.1.1 Drivers and Development Opportunities for Vietnam's Footwear Industry7.1.2 Threats and Challenges Facing Vietnam's Footwear Industry7.2 Forecast on Vietnam's Footwear Industry Supply7.3 Forecast on Vietnam's Footwear Industry Market Demand7.4 Forecast on Import and Export of Vietnam's Footwear Industry, For more information about this report visit https://www.researchandmarkets.com/r/ms6sjk, "Research Report on the Footwear Industry in Vietnam, 2022-2031", https://www.researchandmarkets.com/r/ms6sjk. Dong Hung Group has worked with the largest sports apparel companies globally, such as US Polo, Superga, Marks & Spencer, and more. Vietnamese factories can manufacture millions of pairs of shoes every month. The footwear industry's 2014 objective is to achieve a turnover of US$12 billion from US$10.3 billion in 2013. Investors are under more pressure than ever to develop portfolios that are fit to tackle market volatility and embody their ethical values while meeting Vietnams net zero commitment, speakers said at a conference on May 31. Innolux Group can manufacture everything from women's footwear to sports shoes. (August 1, 2022). for the company, he said, adding that it maintained production in spite now, we have reconnected with our customers and reached agreements to share Kingmaker Group is one of the longest-standing footwear manufacturers in Asia and Vietnam. Items must be new when sold to the consumer; second-hand/used footwear is excluded. Use this guide to get started! There is a more important basis for the bullishness of Vietnam's footwear exports, that is, Vietnam has signed trade agreements helpful for exports with Europe and the United States. Research and Markets The Lunar New Year Shopping Season Could Not Salvage Vietnam's Smartphone Market Downturn In 1Q23. Dong Hung Group stands out among footwear manufacturers for specializing in sports shoes. Workers at a Ha Tay Chemical Weave Co.Ltd in Hanoi. Dublin, Sept. 07, 2022 (GLOBE NEWSWIRE) -- The "Research Report on the Footwear Industry in Vietnam, 2022-2031" report has been added to ResearchAndMarkets.com's offering.As one of the world's leading footwear manufacturers, Vietnam ranks second in the world in terms of leather and footwear exports after China. We find that, on average, the suppliers will ask you to purchase between 500-5000 pieces on your first order (for every individual design or color). The total export turnover of Vietnams leather and footwear products in 2020 decreased by 10% compared to 2019. The south-central province of Ninh Thuan has introduced new grape varieties and advanced farming techniques to improve farmers incomes. Footwear in Vietnam January 2023 Select Country Report PROSPECTS AND OPPORTUNITIES Forecast growth in footwear driven by out-of-home and active lifestyles, alongside fashion trends Read More USD 1,195 Add To Cart Request More Information Overview Table of Contents Segmentation Definitions Delivery: Part of the global footwear chain is gradually shifting from China to Vietnam due to its lower costs. In, General Statistics Office of Vietnam. In fact, the country is responsible for over 10% of all footwear exports in the world. According to Kasper Rorsted (CEO of Adidas), in 2017, 44% of all Adidas footwear was manufactured in Vietnam. Opportunities of Vietnam Footwear Industry Inside the country: 2018 -2019, macroeconomic stability; Institutional reforms and administrative procedures help improve the investment-business environment and reduce costs of business. Besides, finance and labor are also an issue that needs to be taken care of. Some large "do-it-all" shoe manufacturers (listed below) can manufacture every type of shoe and have production capacities of millions of pairs per month. Outdoor shoes includes all dress shoes, trainers, sports shoes, sandals, boots, pumps, and high heels. To start with, Vietnam exports nearly 50% of all footwear to 2 primary markets: the US and the Chinese. Detailed information about the footwear industry of Vietnam is provided in the Vietnam's footwear industry report prepared by VietnamCredit. support policies to develop supporting industries. However, it's recently started exporting footwear to locations in Asia and Latin America - it's now common to find Vietnamese-made footwear in countries like Chile, Mexico, Peru, Korea, and Japan. This For GMT Office Hours Call +353-1-416-8900, Internet Explorer presents a security risk. Thuan said footwear companies want to receive financial To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Ho Chi Minh City, May 30, 2023 - According to the International Data Corporation's IDC Worldwide Quarterly Mobile Phone Tracker, the Vietnam smartphone market declined by 5% quarter-over-quarter (QoQ) and 46% year-on-year (YoY) in 1Q23, shipping 2.4 million units. ), Canada, Korea, Japan, and Mexico. More than 40 businesses are showcasing their products at a mechanical and electrical equipment exhibition that opened in Ho Chi Minh City on June 1. The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (per pair), luxury revenue share, sustainable footwear share, and sales channels. Curious about how we partner with you to help you solve your complex modern-day business problem? Nike has more than 100 suppliers in Vietnam, with 96 factories concentrated in the southern region. Producing the first samples (subject to client approval). USD) this year. For companies related to the international footwear industry chain, there are many investment opportunities in Vietnam's market in the coming years. Vietnam has become the largest sourcing country for Adidas, accounting for about 40% of its total footwear production in 2021. Key trends are clearly and succinctly summarised alongside the most current research data available. If you want to export the shoes to international markets such as the US or EU, you'll have to work with an accredited supplier whose products comply with international standards. 6.2 Vietnam Footwear Industry Operation Status 2018-2022 6.2.1 Vietnam Footwear Industry Production Situation 6.2.2 Vietnam Footwear Industry Sales Status But with 1.92 billion USD and 830.9 million USD, respectively. What Lockdowns in China Mean for Footwear Brands and the . Vietnam exports more than 1 billion pairs of footwear of all kinds of to hundreds of countries around the world every year. China, India, Vietnam, and Indonesia are leaders in . German footwear giant Puma announced that it would likely choose Vietnam as its next manufacturing destination. Apparel and footwear has rebounded in 2022, thanks to the reopening of society following the pandemic restrictions and with COVID-19 now assigned to history., Sportswear took a hit during the era of the pandemic, with the closure of gymnasiums and sports centres, restrictions on sporting events, the closure of, Apparel and footwear specialists is a channel which was negatively affected by the pandemic restrictions and which is seeing a bounce-back in 2022 thanks to the. Follow this link to learn more about our cookie policy and how we use cookies. In addition, Properwell Group currently offers a women's shoe manufacturing workshop at their factory. Scroll below for our top 10 list of shoe manufacturers in Vietnam. by Thuan Nguyen An undergraduate honors thesis submitted in partialfulllment of the requirements for the degree of Bachelor of Arts in University Honors and Supply chain and Logistic Advisor: Dr. Carlos Mena Portland State University 2021 VietAZ is a supplier directory for Vietnam-based manufacturers to find products and reach out to suppliers directly. Chart. You need at least a Starter Account to use this feature. In 2021, Vietnam's footwear exports have seen a resurgence in growth.There is a more important basis for the bullishness of Vietnam's footwear exports, that is, Vietnam has signed trade agreements helpful for exports with Europe and the United States. Vietnam exports more than 1 billion pairs of footwear of all kinds of to hundreds of countries around the world every year. reached nearly 99 percent. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Footwear market comprises all kinds of shoes that are designed and intended for a variety of activities. According to the analysis, Vietnam's footwear production and exports are expected to continue to grow in 2022-2031. Properwell Group is a woman's shoe manufacturer in Vietnam. This report originates from Passport, our Footwear research and analysis database. Economic, political, social and cultural factors4. The center is situated about 30 kilometers to the east of Ho Chi Minh City and serves as a showroom for automated adhesive solutions in the shoe manufacturing industry. Part of the global footwear chain is gradually shifting from China to Vietnam due to its lower costs. These corporations are not the only footwear companies to make a move to Vietnam. We will always be able to negotiate the MOQ down to minimize the risk for our clients. to Nguyen Duc Thuan, Chairman of the Vietnam Leather, Footwear and Handbag Global Sources is the #1 alternative to Alibaba and provides a similar platform where you can directly place orders with shoe manufacturers. All Rights Reserved. In addition, footwear's localization rate will continue growing in the domestic market. TBS Group is a large fashion manufacturer specializing in several appeal and footwear industries. Horng Shin Footwear has a capacity exceeding 2,000,000 pairs of shoes annually, and the company is working on expanding that capacity constantly. Let's have a look at the primary data points. Get in touch with Cosmo now - we've sourced over $40M worth of Vietnam products. press@researchandmarkets.com Their clients are large footwear companies like Sketchers. Forecast on Vietnam's Footwear Market, 2022-2031, Analysis of Major Footwear Manufacturing Companies in Vietnam, Key Drivers and Market Opportunities in Vietnam Footwear Industry. Nike still manufactures a similar amount of footwear in both countries, but it's expected to soon shift to Vietnam. [Online]. difficulties and profits in the context of the pandemic. Our services are designed to do everything to take your idea, turn it into a product, and ship it to the final destination. Adidas says Vietnam is its largest sourcing country, with 42% of volume coming from there . DUBLIN, Sept. 13, 2022 /PRNewswire/ --The "Research Report on the Footwear Industry in Vietnam, 2022-2031" report has been added to ResearchAndMarkets.com's offering. However, while U.S. exports of footwear to Canada encompassed a variety of shoes, including athletic and work footwear, virtually all (99.4 percent) U.S. footwear exports to . The facility in Vietnam opened in 2019 and represents a clear investment in the local business. "Production Volume of Footwear in Vietnam from 2010 to 2021 (in Million Pairs). It Vietnam exclusively used to export shoes to US and EU-based markets. Sign in to create job alert 36 Footwear Jobs in Vietnam (2 new) Head Of Footwear Sourcing, APAC - Ho Chi. For E.S.T Office Hours Call 1-917-300-0470 This is a single user license, allowing one user access to the product. 164 Khuat Duy Tien Street, Thanh Xuan District, Hanoi City, Vietnam, Address 2: 12/13 Phan Ke Binh Str., Da Kao Ward, Dist. The factory was started in 2014 with an investment of $14,000,000 and stretched nearly 100,000 square meters. - Total export turnover of the leather and footwear industry: In March 2021, the total export turnover of this industry was estimated at 1,945 million USD, up 14.6% compared to March 2020. Profit from the additional features of your individual account. We find this is a relatively good deal considering the price per pair is still much lower than in China, and the margins are excellent for investors who can support this kind of volume. For U.S./ CAN Toll Free Call 1-800-526-8630 The footwear industry in Vietnam is closely connected to other large export industries and is one of the Vietnamese export economy pillars. Access and download reports and data purchased through Euromonitor.com. In particular, Vietnam's footwear exports to the EU account for the largest proportion of the total exports. So dont hesitate to contact us and let us know how we can help you. Hanoi Rubber's shoes are ISO 9001 certified, which means they're suitable for international exports. To use individual functions (e.g., mark statistics as favourites, set The company also provides production monitoring services for quality control, ensuring every shoe undergoes quality inspections before shipping. 36 Footwear jobs in Vietnam (2 new) Get notified about new Footwear jobs in Vietnam. The MOQ (Minimum Order Quantity) for manufacturing shoes in Vietnam differs from the provider. The list included EU countries (France, Germany, Belgium, Italy, Spain, etc. Note:The supplier will ask you to send them your shoe designs as a general requirement. What are the major adverse factors facing the footwear industry in Vietnam? In the first four months of 2023 compared to pre-pandemic. The larger brands will focus on dynamic marketing activities to reach and engage with consumers, alongside ensuring offers and discounts to attract attention; whereas local brands will focus on maintaining an attractive quality-to-price ratio to meet the needs of many local consumers. Update: COVID-19 Impact, Footwear: Global Strategic Business Report, Economic and Policy Environment of Vietnams Footwear Industry. What is the expected revenue of Vietnam's footwear market during 2022-2031? The shift means that the world's largest corporations are now ditching China in favor of Vietnam, and this trend only keeps accelerating. AN LAC is an established footwear manufacturer based in Ho Chi Minh City that started as a leather footwear production company in 1987. Consulting the suppliers for designs. As one of the world's leading footwear manufacturers, Vietnam ranks second in the world in terms of leather and footwear exports after China. Van Ngoc, Director of Tan Phat Leather Shoes and Wallets Company Limited, said since By the early 21st century, Nike became a well-recognized brand all over the world with about. This figure is expected to continue to increase in the near futuure due to the increasing income and demand for footwear products of Vietnamese people. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Research Report on the Footwear Industry in, https://www.researchandmarkets.com/r/488l3p, https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg, Saudi Arabia Plastic Cable Management Solutions Market Report 2023: Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry Share 2018-2028, Global Medical Equipment Maintenance Market Report 2023: Increase in Demand for Medical Devices Drives Growth, What is the impact of COVID-19 on the footwear manufacturing industry in, Analysis of Major Footwear Manufacturing Companies in, What are the key drivers, challenges and opportunities for the footwear industry in. For example, Horng Shin Footwear can manufacture shoe soles, cycling cleats, and safety/medical shoes. He 7.1 Analysis of Vietnam's Footwear Industry Development Factors 7.1.1 Drivers and Development Opportunities for Vietnam's Footwear Industry This report comes in PDF with additional info in Excel included. They have an experienced team that exports over 2M pairs per year, and we can put you in touch with them at Cosmo Sourcing. Rubber boots, flip-flops, and wooden clogs are also included here. The group was founded in Vietnam in 1996 and currently possesses 20 footwear factories. The big boys are doing it! Currently, Innolux Group employs 1,600 factory workers in their Vietnam-based factory and exports over 500,000 pairs annually. VietnamCredit's API for all integrated solutions to Our clients & Partners, Join our newsletter and we will send you a link download our responsive website, Vietnam footwear industry report: a brief insight, Difficulties facing Vietnam's leather and footwear industry. What is the expected revenue of Vietnam's footwear market during 2022-2031? , . Introduction Nike is an American sportswear company founded in 1972 by Bill Bowerman and Phil Knight. Get Vietnam Footwear Industry Report 2021. Which segment of Vietnam's footwear market is expected to dominate the market in 2031? Indoor shoes includes house-shoes and slippers. Vietnamese Leather and Footwear Association, Check out our full list of Alibaba Alternatives for Vietnam to find any product, including shoes, International Footwear And Leather Products Exhibition. In recent years, some big enterprises have striven to secure their own material supplies but Their factory is located in the Hoang Long Industrial and Urban Zone and stretches 234,218 square meters to manufacture millions of shoes annually. In 2019, Vietnam exported a total of 883,000,000 pairs of shoes internationally. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. tax reduction for enterprises investing in supporting industries would help them manufacture products that are more competitive than those imported from China Are you ready to get started manufacturing shoes in Vietnam? Calculating through data models with different factors weights can guarantee the outputs objective.The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.1. There are currently about 2000 companies operating in Vietnams footwear industry, 85% of which are lacking in capital and advanced technology. According to the analyst's analysis, due to the impact of COVID-19, Vietnam's footwear exports was USD16.75 billion in 2020, decreased 8.6% YOY. Competitors like a mirror that reflects the overall market and also market differences.5. pair of shoes. For example, in the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam's footwear exports to the EU amount to about 40%. How is the rise of e-commerce shaping demand? According to the analyst's analysis, two giant brands in the global footwear industry, Nike and Adidas, have chosen Vietnam as their main production base. We aim to handle every single step of your business in Vietnam for you. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.Primary research is the key to solve questions, which largely influence the research outputs. As soon as this statistic is updated, you will immediately be notified via e-mail. Our premier, award-winning syndicated market research database provides detailed data and analysis on industries, economies, countries and consumers across 781 cities, 210 countries.. In Vietnam, a lot of business is conducted the old-fashioned way. Hanoi Rubber Joint Stock Company primarily exports to the EU market, and Germany consumes 80% of its products. statistic alerts) please log in with your personal account. Vietnam has become the largest sourcing country for Adidas, accounting for about 40% of its total footwear production in 2021.According to the analyst's analysis, due to the impact of COVID-19, Vietnam's footwear exports was USD16.75 billion in 2020, decreased 8.6% YOY.
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