VOV.VN - Vietnam currently ranks third in the world in footwear production and second in global footwear exports, trailing only China, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Phan Thi Thanh Xuan, vice chairwoman and general secretary of LEFASO, told a trade promotion conference on May 30 that Asia accounts for 87% of global footwear production, with approximately 23 billion pairs produced annually. Of the total, China produces about 13 billion pairs, India over 2.6 billion, and Vietnam over 1.4 billion.
It’s noteworthy that Vietnam exports 90 - 95% of its total production, a much higher rate compared to other manufacturing countries, which primarily serve their domestic markets, Xuan said.
She cited LEFASO statistics saying in the first four months of 2025, Vietnam’s footwear and handbag exports increased by over 16%, targeting major markets such as the United States, the European Union, and Japan. The US market alone accounts for nearly 40% of the industry’s total export value.
Vietnam has become a major manufacturing hub in the global supply chain, chosen by leading international brands such as Nike, Adidas, Puma, and Skechers as a key production base. It currently produces around 50% of Nike’s products and approximately 30% of Adidas’s output.
Notably, the share of exports from domestic enterprises rose to 28% in early 2025, signaling a gradual strength of domestic capacity, as the industry becomes less reliant on foreign direct investment (FDI) than in the past.
Despite these achievements, the industry faces several challenges, including global economic volatility, trade barriers from key markets, especially the US, and rising costs for labour, raw materials, and logistics. It heavily relies on imported materials, with the localisation rate just reaching about 55% for the entire industry and nearly 70% for sport shoes.
In addition, the industry is coping with pressure to meet green production standards, emission reductions, and supply chain traceability, particularly in light of the EU’s Carbon Border Adjustment Mechanism (CBAM) regulations
Nonetheless, LEFASO emphasises that Vietnam retains significant advantages in terms of geopolitical position, manufacturing capacity, and credibility in global supply chains. With over 30 years of industry development, a skilled workforce, and a modern production system, Vietnam is well-positioned to sustain its role as one of the world’s leading footwear exporters, provided it can strategically capitalise on opportunities and overcome existing challenges.
VOV.VN - Vietnamese leather and footwear exports during the opening four months of the year rose by 5.7% year on year to US$6.542 billion, according to statistics from the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Vietnam's footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a US$3 billion increase from the previous year, as the country has well capitalised on the signed free trade agreements to bolster shipment.
VOV.VN - As members of two free trade agreements (FTA), there remains ample room ahead for both Vietnam and Chile to increase the trade turnover, including footwear products, according to insiders.
VOV.VN - With local businesses taking full advantage of various free trade agreements (FTAs), the leather and footwear industry is projected to fulfill the export goal of between US$26 billion and US$27 billion this year, according to details given by insiders.
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