World Footwear

Vietnam

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

Pou Chen suspends production at Vietnam plant

Jul 15, 2021 / Vietnam
One of Nike and Adidas most well-known suppliers of footwear, suspended operations at its plant in Ho Chi Minh City on Wednesday as a strong wave of COVID-19 hits the city

Dependence on FDI of Vietnam exports raises worries

Apr 21, 2021 / Vietnam
In the first quarter of the year, the country reached an estimated export turnover of 77.34 billion US dollars, an increase of 22% from the first quarter of 2020. The FDI sector accounted for 76.3%

How is COVID-19 impacting the footwear industry in different countries?

Premium ContentJan 26, 2021 / World
With the world fast approaching 100 million cases of infected people and with vaccination now in place in several countries, we did a round of conversations with footwear associations across the world to understand what the current situation of the footwear industry is in their countries, and to learn where and in what conditions are footwear stores open

Lefaso: no disruption of footwear production in Vietnam

Premium ContentJan 25, 2021 / Vietnam
The impacts of the pandemic were felt in 2020, firstly with the disruption of material supply chains and then with the cancelation of orders from the US and EU, which result in a drop in exports of 20%. Now, according to the local footwear association the situation is under control

Brazilian footwear claims anti-dumping against Vietnam and Indonesia

Jan 13, 2021 / Brazil
According to Abicalçados, the Brazilian Footwear Industries Association (Abicalçados), anti-dumping is high on the agenda for 2021, with the renewal of the existing duty over Chinese products, and its expansion to Vietnam and Indonesia

The world's largest trade agreement

Nov 20, 2020 / World
The Regional Comprehensive Economic Partnership was signed by China, Japan, South Korea, New Zealand and Australia, plus ten Southeast Asian economies, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Burma, Cambodia, Laos and Brunei

5th Vietnam Footwear Summit 2020 will be Held in Ho Chi Minh

Nov 18, 2020 / Vietnam
Changing supply chain of global footwear industry in the era of COVID-19 and impact of trade policies will be on focus on the Summit to be held, both online and offline, in December

Vietnam’s rise in footwear trade

Premium ContentNov 12, 2020 / Vietnam
The World Footwear’s Panel of Experts is forecasting Vietnam’s share of footwear exports to reach 11.5% in 2025. Last year Vietnam exported roughly 1.4 billion pairs of shoes
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