Vietnam’s footwear manufacturing industry increased by 1.9 percent in December 2024 compared to November 2024, according to Vietnam’s Industrial Production Index.
Year-on-year, the sector posted a robust growth of 23.5 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 13.7 percent compared to 2023, highlighting strong performance throughout the year.
The December increase reflects steady global demand during the holiday season, while the impressive annual growth underscores Vietnam’s resilience in the face of global economic challenges. The footwear industry benefits from Vietnam’s experienced workforce, competitive production costs, and extensive trade agreements, making it one of the top global exporters.
As a key driver of Vietnam’s manufacturing sector, the footwear industry caters to major markets such as the United States, the European Union, and Japan. Investments in automation, sustainability, and innovation have helped Vietnamese manufacturers meet rising demand and international standards.
The robust growth in 2024 cements Vietnam’s position as a leading global footwear supplier with strong potential for continued expansion.
See also: Footwear Manufacturing in Vietnam