In 2019, Vietnam exported a total of 883,000,000 pairs of shoes internationally. The list included EU countries (France, Germany, Belgium, Italy, Spain, etc.), Canada, Korea, Japan, and Mexico. Last year Vietnam exported nearly $ 6B worth of footwear to the US and around $2B to China. To start with, Vietnam exports nearly 50% of all footwear to 2 primary markets: the US and the Chinese. Let's have a look at the primary data points. Cosmo Sourcing can help put you in touch with every single one! The quality is identical to China's, and the labor force is significantly lower, while dozens of factories employ thousands of workers specializing in footwear. Footwear is one of the leading industries that Vietnamese manufacturing excels in, and we'd argue it's the best location to manufacture shoes in the world - Yes, beating out China. Vietnam has a near-unlimited shoe manufacturing capacity. Vietnam Shoe Manufacturing Capacity & Exports Now is the best time to get involved in the footwear industry in Vietnam. Vietnamese factories can manufacture millions of pairs of shoes every month. The wide variety of countries that import Vietnamese-made footwear means that almost half of all countries consume Vietnamese footwear in large quantities. The Vietnamese footwear export market has reached almost every corner of the Earth, but 70 countries imported more than $1M worth of Vietnamese footwear last year. The positive economic data signals that the footwear sector in Vietnam has been growing exponentially since 2014, and we intend to seize every opportunity". The president of LEFASO also stated, "Our annual industrial production index has expanded by over 10%, and our exports exceeded USD 22 billion for the year, surpassing the target we've set. 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.
Vietnam exclusively used to export shoes to US and EU-based markets.
The Vietnamese Leather and Footwear Association, or 'LEFASO,' stated that Vietnam exported over $22B worth of shoe products in 2019 alone - this represents an increase of 12% compared to the year prior. Vietnam's Shoes and Footwear industry overview
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Pro Tip: Contact Cosmo Sourcing, and we'll get in touch with Vietnamese suppliers to find the brand of shoes you need to manufacture. ✔ Traditional shoes (Klompen, bast, geta, opanci, etc.) The following shoes can be manufactured in Vietnam: Scroll below for our top 10 list of shoe manufacturers in Vietnam.
We'll break down information such as the Vietnamese footwear economy, manufacturing capacity, finding shoe suppliers, placing orders with Vietnamese manufacturers, and a list of the top manufacturers in Vietnam. If you're considering manufacturing shoes in Asia, Vietnam is the best country.
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