Vietnam among top in footwear production
Vietnam the third-largest country in the world in terms of footwear production, conference hears.
Vietnam is the third largest country in the world in terms of footwear production and second in in terms of export turnover, Mr. Le Xuan Duong, Director of the Footwear Research and Development Center at the Vietnam Leather, Footwear and Handbag Association (Lefaso), told the China Jinjang Brands on the Maritime Silk Road conference held within the framework of Vietnam Sport Show 2019 on November 16 in Hanoi.
According to Lefaso’s figures, Vietnam has an average export price of $16.6 per pair, while China has a lower price, of about $5 per pair.
Vietnam is also manufacturing and processing for the world’s leading sports shoes brands, such as Nike and Adidas.
Vietnam produced nearly 1.2 billion pairs of shoes last year, an increase of 130 per cent compared to 2008.
Sports shoes totaled 828 million pairs, accounting for 70 per cent of footwear output. There are some 2,180 enterprises in the country producing footwear.
Vietnam’s shoe factories are mainly located in the southern region, which accounts for nearly 70 per cent of enterprises.
Other regions include the Red River Delta, with about 16 per cent, and the Mekong Delta with 10 per cent. Vietnam’s leather and footwear industry is concentrated around Ho Chi Minh City and neighboring provinces. FDI enterprises’ export turnover and output accounts for up to 80 per cent.
Vietnam is expected to produce about 2 billion pairs of shoes of all kinds by 2025 and 3 billion by 2030. It will also plan to import many raw materials to serve the production of leather and footwear.
Ms. Julia, Asia Regional Business Manager of Kelme, told VET that Vietnam is a country with strong development in sports, especially football, so Kelme is looking forward to seeking cooperation and investment opportunities in the country.
“Vietnam has a lot of sports brands from China, but Kelme offers products at prices competitive with those manufactured in a closed chain,” she added.
“In particular, Kelme is an international brand and has exported to many countries around the world, so we are confident of competing with all products in our categories.”
The Vietnam Sport Show 2019, a large-scale event for domestic and foreign sporting brands, took place in Hanoi from November 14 to 16.
The show drew 150 exhibitors in 300 pavilions, from China, the Netherlands, South Korea, Japan, Pakistan, Singapore, Taiwan (China), Vietnam, and elsewhere.
The Vietnam Cycle area introduced the latest products and technologies, such as bicycles, electric bicycles, electric motorbikes, safety work clothes and accessories, and bicycle-related toys. VN Economic Times
Leather and footwear exports will reach over US$22 billion this year, as Vietnam is expected to overtake China as America’s number one supplier in these sectors.
The Vietnamese footwear market may face problems if the US imposes a tariff of 25 percent on Chinese products in the current trade war.