Vietnam produced 34.00 million pairs of leather shoes and sandals in December, down 3.75 percent from 35.32 million pairs in November, according to the latest data from the National Statistics Office.
Year-to-date output reached 378.92 million pairs by the end of December.
Vietnam leather shoes and sandals industry news
Successful privatisation Vietnam shoemaker
Two individual investors spent nearly VND 1.4 trillion (about US$52.3 million) to acquire a 68.67 percent stake in Giay Thuong Dinh Joint Stock Company through an auction on December 16.
The Hanoi Stock Exchange said nearly 6.4 million shares were sold at an average winning price of VND 215,999 per share, about ten times the starting price of VND 20,500.
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Vietnam’s footwear industry
Vietnam has emerged as one of the world’s largest footwear exporters.
The industry employs thousands of workers and serves as a crucial manufacturing sector, attracting major international brands that have established production facilities across the country.
Major footwear manufacturers, including Nike, Adidas, and Puma, have shifted significant production capacity to Vietnam, taking advantage of competitive labour costs and an increasingly skilled workforce.
The sector faces ongoing challenges, including rising labour costs, competition from other Southeast Asian nations, and pressure to adopt more sustainable and environmentally friendly manufacturing practices.
Vietnamese footwear exports generate billions of dollars annually, with key markets including the United States, European Union, China, and Japan.