Vietnam accounts for 10% of global footwear exports for first time

According to the report, over the recent decade, the market share of Vietnam rose from 2 percent to 10.2 percent.

Vietnam exported about 1.2 billion pairs of shoes in 2020, becoming the second-largest footwear exporter in the world.

A series of world-famous footwear brands such as Nike, Adidas, Reebok, and Puma have all been outsourced and produced in Vietnam in large quantities.

The country has exported footwear products to more than 150 markets around the world with key markets in the U.S., the EU, China, Japan, the UK, and others.

The Vietnam Leather and Footwear Association (LEFASO) announced that Vietnam earned $20.78 billion from exporting footwear products in 2021, up 4.6 percent against the previous year. 

In 2022, the footwear exports are expected to grow from 10-15 percent, gaining $23-25 billion. 

Source: VGP