World Footwear

Vietnam

Vietnam: leather and footwear exports on the rise

Sep 14, 2022 / Vietnam
In the first seven months of 2022, Vietnamese leather and footwear exports were up by 13%, as compared to the same period of last year, reaching 14 billion US dollars

Yue Yuen turns around

Mar 25, 2022 / Hong Kong
The company posted revenue growth of 1% to 8.53 billion US dollars over the full year 2021, as compared to the previous year, amidst a challenging operating environment

Vietnam is now responsible for 10% of the world footwear exports

Premium ContentFeb 23, 2022 / World Footwear Yearbook
The Asian country has been on the top 3 of the largest footwear exporters since we started to publish the World Footwear Yearbook in 2011. However, in 2020, for the first time Vietnam has crossed the 10% threshold

Vietnamese factories to continue working amid Omicron surge

Feb 21, 2022 / Vietnam
Despite a new peak in COVID-19 infections, the high vaccination rate has enabled factories to continue producing, reversing last year’s policy of lockdowns

Strike at Pou Chen’s factory in Vietnam

Jan 12, 2022 / Vietnam
Thousands went on strike at a factory in southern Vietnam that belongs to the Taiwanese manufacturer of branded sports footwear. Employees are demanding better year-end bonuses

Vietnamese workers reluctant to go back to work

Jan 5, 2022 / Vietnam
Generalized labour shortage across the manufacturing sector slows down Vietnam's economic recovery, despite companies offering better wages and benefits to attract workers back

Yue Yuen with revenue slowdown

Nov 18, 2021 / Hong Kong
The group has announced results for the first nine months of 2021. Growth slowed down in the third quarter due to disruptions in manufacturing operations in Vietnam and weak retail sales

Pou Chen struggles with Vietnamese labour shortage

Nov 17, 2021 / Vietnam
The Taiwanese manufacturer of branded sports footwear is facing a labour shortage in Vietnam, which is aggravating supply chain disruptions. Its clients include Nike, adidas and Reebok

Vietnam: industry faces contractual penalties and order cancellations

Oct 20, 2021 / Vietnam
Several Vietnamese apparel and footwear companies have incurred contractual penalties for delivery delays this year, while facing unexpected order cancellations for 2022

Vietnamese footwear exports plunge in September

Oct 19, 2021 / Vietnam
Data from the Vietnamese Ministry of Industry and Trade indicates that footwear exports have decreased by 44.2% to 678.4 million US dollars, on a comparable basis to similar month in 2020

Vietnam is now the main exporter of textile footwear

Oct 14, 2021 / World Footwear Yearbook
For the first time since the World Footwear Yearbook was launched ten years ago, China is not leading the exports of one of the main categories of footwear exports

China’s share in footwear production down by 13% in a decade

Oct 5, 2021 / World
China is the unquestionable leader in footwear production, having achieved a share in the world total of 54.3% in 2020. This translated into more than 11 billion pairs produced by China last year. However, in a decade, the share of China in global footwear production was down by 13%, corresponding to more than 8 percentage points lost and going down from a 62.4% share in 2010

Nike cuts revenue forecast amid supply chain disruptions

Oct 1, 2021 / United States
Despite an increase in revenue of 16% to 12.25 billion US dollars for the first quarter of fiscal 2022, the US-based company admitted that revenue growth is being limited by supply chain disruptions

Vietnam: industry struggles with extended lockdowns

Oct 1, 2021 / Vietnam
Textile and footwear industries keep struggling in Vietnam amidst strict and extended coronavirus lockdowns. Companies anticipate delays and shortages of goods, along with higher labour prices and shipping costs, as the holiday season approaches

COVID-19 outbreak in Vietnam threats footwear exports

Aug 3, 2021 / Vietnam
Strict lockdown measures to suppress Vietnam’s outbreak of COVID-19 threatens to lead to a decline in footwear exports in the second half of 2021. Companies such as Nike are already facing supply chain disruptions
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