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DUBLIN, April 14, 2022–(BUSINESS WIRE)–The “Analysis Report on Footwear Market in Vietnam, 2016-2030” report has been added to ResearchAndMarkets.com’s providing.
As one of many world’s main footwear producers, Vietnam ranks second on the earth by way of leather-based and footwear exports after China. Vietnam exports greater than 1 billion pairs of footwear of all types to tons of of nations all over the world yearly. Specifically, Vietnam’s footwear exports to the EU account for the most important proportion of the entire exports. By the tip of 2021, there are about 2,200 enterprises producing footwear in Vietnam, primarily concentrated within the space round Ho Chi Minh Metropolis.
In keeping with this evaluation, two large manufacturers within the international footwear business, Nike and Adidas, have chosen Vietnam as their predominant manufacturing base. A part of the worldwide footwear chain is progressively shifting from China to Vietnam because of its decrease prices. Nike has greater than 100 suppliers in Vietnam, with 96 factories concentrated within the southern area.
Nike’s arch rival, Adidas, has additionally chosen Vietnam as its predominant manufacturing space. In its annual report (2020), Adidas steered that in 2019, 98% of Adidas’ footwear merchandise had been produced within the Asian area. Vietnam has develop into the most important sourcing nation for Adidas, accounting for 42% of its complete footwear manufacturing in 2020.
In keeping with the analyst’s evaluation, because of the affect of COVID-19, Vietnam’s footwear exports had been USD16.75 billion in 2020, down 8.6% YOY. In 2020, Vietnam’s footwear merchandise had been exported to greater than 100 international locations, with exports to 70 of those international locations exceeding USD1 million in footwear manufacturing. In 2021, Vietnam’s footwear exports have seen a resurgence in progress.
There’s a extra vital foundation for the bullishness of Vietnam’s footwear exports, that’s, Vietnam has signed commerce agreements useful for exports with Europe and the US. For instance, within the EU-Vietnam Free Commerce Settlement (EVFTA), Vietnam’s footwear exports to the EU quantity to about 40%. The Complete and Progressive Settlement for Trans-Pacific Partnership (CPTPP) has helped Vietnam’s footwear exports to Canada and Mexico soar.
Vietnam has signed many agreements with developed international locations which might be conducive to selling exports, however the power of Vietnam’s native footwear enterprises stays weak and the most important market share of Vietnam’s footwear business is occupied by overseas corporations. In keeping with the analyst, Vietnam’s footwear manufacturing and exports are anticipated to proceed to develop in 2022-2030. For corporations associated to the worldwide footwear business chain, there are lots of funding alternatives in Vietnam’s market within the coming years.
Key Matters Coated:
1 Overview of Vietnam
2 Improvement Atmosphere of Vietnam’s Footwear Business
2.1 Temporary Historical past of Vietnam’s Footwear Business
2.2 Sorts of Vietnam’s Footwear business
2.3 Coverage Atmosphere of Vietnam’s Footwear Business
3 Provide and Demand State of affairs of Vietnam’s Footwear Business
3.1 Provide State of affairs
3.2 Demand State of affairs
4 Import and Export State of affairs of Vietnam’s Footwear Business
4.1 Import State of affairs
4.1.1 Import Quantity and Import Worth
4.1.2 Primary Import Sources
4.2 Export State of affairs
4.2.1 Export Quantity and Worth
4.2.2 Primary Export Locations
5 Market Competitors in Vietnam’s Footwear Business
5.1 Obstacles to Entry in Vietnam’s Footwear Business
5.1.1 Model barrier
5.1.2 High quality Barrier
5.1.3 Capital Barrier
5.2 Aggressive Construction of Vietnam’s Footwear Business
5.2.1 Bargaining Energy of Footwear Suppliers
5.2.2 Bargaining Energy of Customers
5.2.3 Competitors in Vietnam’s Footwear Business
5.2.4 Potential Entrants within the Footwear Business
5.2.5 Substitutes for the Footwear Business
6 Evaluation of Main Footwear Model Corporations in Vietnam
6.1 Nike
6.1.1 Improvement Historical past of Nike
6.1.2 Nike’s Primary Merchandise
6.1.3 Nike’s Operation Mannequin
6.2 Adidas
6.2.1 Improvement Historical past of Adidas
6.2.2 Adidas’ Primary merchandise
6.2.3 Adidas’ Operation Mannequin
6.3 Binh Tien Imex Corp., Pte., Ltd
6.3.1 Improvement Historical past of Binh Tien Imex Corp., Pte., Ltd
6.3.2 Binh Tien Imex Corp., Pte., Ltd’s Primary Merchandise
6.3.3 Binh Tien Imex Corp., Pte., Ltd’s Operation Mannequin
6.4 Vinagiay Company
6.4.1 Improvement Historical past of Vinagiay Company
6.4.2 Primary Merchandise of Vinagiay Company
6.4.3 Working mannequin of Vinagiay Company
6.5 An Ba Leather-based Footwear One Member Co. Ltd
6.5.1 Improvement Historical past of An Ba Leather-based Footwear One Member Co. Ltd
6.5.2 Primary merchandise of An Ba Leather-based Footwear One Member Co. Ltd
6.5.3 Working Mannequin of An Ba Leather-based Footwear One Member Co. Ltd
6.6 Saigeon Footwear Joint Inventory Firm
6.7 Vinh Lengthy Footwear Co.
6.8 Sahara Worldwide Company
6.9 Golden Star Firm Restricted
6.10 Mai Nguyen Fashions Joint Inventory Firm
7 Outlook on Vietnam’s Footwear Business, 2021-2030
For extra details about this report go to https://www.researchandmarkets.com/r/c1p0sm
View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220414005418/en/
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