Imagine stepping into a shoe closet so vast it could supply nearly two pairs for every person in Europe—that's the staggering scale of Vietnam's footwear industry, a manufacturing powerhouse that churned out over 1.4 billion pairs in 2023 alone.
Key Takeaways
- Vietnam's footwear production reached 1.35 billion pairs in 2022, marking a 5.2% increase from 2021
- In 2023, Vietnam manufactured over 1.4 billion pairs of footwear, with leather shoes accounting for 25% of total output
- Footwear factories in Vietnam operated at 85% capacity utilization in Q4 2023 due to rising global demand
- Vietnam's footwear exports totaled $21.3 billion in 2023, up 14.5% from 2022
- Footwear exports to the US reached $10.2 billion in 2023, 48% of total
- EU markets imported $4.5 billion worth of Vietnamese footwear in 2023
- Vietnam footwear industry employed 1.5 million workers directly in 2023
- Footwear sector created 120,000 new jobs in Vietnam in 2023, up 8%
- Female workers comprised 65% of Vietnam's footwear workforce in 2022, totaling 975,000
- Vietnam footwear market size reached $4.5 billion in retail value 2023
- Domestic footwear consumption was 250 million pairs in 2023
- E-commerce footwear sales grew 25% to $1.2 billion in 2023
- FDI into Vietnam footwear reached $2.1 billion in 2023
- Pou Chen Group invested $500 million in new Vietnam footwear plants 2023
- South Korean FDI in footwear totaled $800 million cumulative by 2023
Vietnam's footwear industry grew significantly, with strong production and export increases in 2023.
Employment Statistics
- Vietnam footwear industry employed 1.5 million workers directly in 2023
- Footwear sector created 120,000 new jobs in Vietnam in 2023, up 8%
- Female workers comprised 65% of Vietnam's footwear workforce in 2022, totaling 975,000
- Average monthly wage in footwear industry was VND 7.2 million ($290) in 2023
- Migrant workers in footwear factories numbered 800,000 in southern Vietnam 2023
- Footwear employment in Binh Duong province reached 400,000 in 2023
- Youth under 25 years old made up 35% of footwear workers in 2022
- Training programs certified 200,000 footwear workers in skills in 2023
- Labor productivity in footwear rose 7% to VND 150 million/worker annually in 2023
- Overtime hours averaged 48 per month per worker in footwear sector 2023
- Dong Nai footwear employment totaled 350,000 workers in 2023
- Unionized workers in footwear reached 1.2 million with 85% membership rate 2023
- Skilled workers shortage affected 40% of footwear factories in 2023
- Footwear apprenticeships trained 50,000 youths in 2023
- Foreign managers in footwear firms numbered 15,000 in 2023
- Turnover rate in footwear workforce was 12% in 2023
- Night shift workers comprised 25% of footwear employment in 2022
- Footwear industry absorbed 60% of rural migrants in Mekong Delta 2023
- Average age of footwear workers was 28 years in 2023 survey
- Disability-inclusive employment in footwear reached 2% or 30,000 workers 2023
- Digital skills training covered 100,000 footwear workers in 2023
- Ho Chi Minh City footwear jobs totaled 250,000 in 2023
- Part-time footwear workers numbered 150,000 amid seasonal peaks 2023
- Safety training reached 90% of 1.5 million footwear workers in 2023
- Footwear employment growth projected at 5% to 1.58 million in 2024
Employment Statistics Interpretation
While one might say Vietnam’s footwear industry is striding confidently forward—creating thousands of jobs, particularly for women and migrants, while boosting productivity and skills—it’s also walking a tightrope, balancing decent growth against long hours, high turnover, and a persistent shortage of skilled labor that could trip up its future steps.
Export Statistics
- Vietnam's footwear exports totaled $21.3 billion in 2023, up 14.5% from 2022
- Footwear exports to the US reached $10.2 billion in 2023, 48% of total
- EU markets imported $4.5 billion worth of Vietnamese footwear in 2023
- Exports of leather footwear from Vietnam hit $5.8 billion in 2022
- China imported $1.1 billion in Vietnamese footwear in 2023
- Athletic footwear exports grew 18% to $7.5 billion in 2023
- Footwear export volume was 1.28 billion pairs in 2023, valued at $21.3 billion
- Japan received $1.8 billion in footwear exports from Vietnam in 2022
- Rubber footwear exports declined 5% to $800 million in 2023
- South Korea imported $1.4 billion Vietnamese footwear in 2023
- Footwear exports under EVFTA grew 25% to $2.1 billion in 2023
- US-Vietnam footwear trade surplus for Vietnam was $9.8 billion in 2023
- Exports to India reached $500 million in footwear from Vietnam 2023
- Synthetic footwear exports totaled $12.4 billion in 2022, 58% of total
- Footwear shipment containers from Vietnam ports hit 2.5 million TEUs in 2023
- Exports of women's shoes from Vietnam were $8.2 billion in 2023
- Men's footwear exports valued at $6.9 billion in 2023
- UK post-Brexit footwear imports from Vietnam rose to $900 million in 2023
- Footwear exports via air freight accounted for 2% of volume but 15% value in 2023
- CPTPP countries imported $3.2 billion Vietnamese footwear in 2023
- Footwear export growth to ASEAN was 9% reaching $1.2 billion in 2023
- High-value footwear exports (over $20/pair) surged 22% in 2023
- Footwear re-exports through Vietnam totaled $300 million in 2023
- Exports to Australia under AANZFTA hit $400 million in 2023
- Digital orders for footwear exports increased 30% to 40% of total in 2023
- Footwear exports to Canada grew 16% to $600 million in 2023
- Sustainable certified footwear exports from Vietnam reached $2.5 billion in 2023
- Footwear export tariffs averaged 8.5% reduction via FTAs in 2023
Export Statistics Interpretation
Vietnam has literally put its best foot forward, striding to a $21.3 billion export record by cleverly stepping up high-value and sustainable styles for America and Europe, while cautiously navigating declines in rubber boots and ensuring its digital orders are as sharp as its stitching.
Investment Statistics
- FDI into Vietnam footwear reached $2.1 billion in 2023
- Pou Chen Group invested $500 million in new Vietnam footwear plants 2023
- South Korean FDI in footwear totaled $800 million cumulative by 2023
- New footwear factories licensed 150 projects worth $1.2 billion 2023
- Nike expanded facilities with $200 million investment in 2023
- Binh Duong attracted $600 million FDI for footwear in 2023
- Taiwanese firms invested $400 million in footwear automation 2023
- Green technology investments in footwear hit $150 million 2023
- Dong Nai FDI inflows for footwear were $350 million in 2023
- Adidas committed $300 million to sustainable production lines 2023
- Venture capital for footwear startups reached $50 million 2023
- Cumulative FDI stock in footwear sector $15 billion by 2023
- Italian leather tech investments $100 million in Vietnam 2023
- Footwear park developments cost $800 million across 5 provinces 2023
- Chinese FDI shifted $250 million to high-end footwear 2023
- R&D investment in footwear materials totaled $80 million 2023
- US firms invested $120 million in supply chain upgrades 2023
- Logistics infrastructure for footwear got $200 million FDI 2023
- Joint ventures in footwear numbered 500 with $3 billion capital 2023
- Expansion projects by existing FDI firms $900 million in 2023
- Blockchain traceability tech investment $30 million in footwear 2023
Investment Statistics Interpretation
The numbers don't lie: Vietnam's footwear sector, once prized for its nimble hands, is now being strategically rewired with global capital for high-tech, sustainable, and automated manufacturing, proving it's serious about stepping up in the global supply chain.
Market Statistics
- Vietnam footwear market size reached $4.5 billion in retail value 2023
- Domestic footwear consumption was 250 million pairs in 2023
- E-commerce footwear sales grew 25% to $1.2 billion in 2023
- Nike held 18% market share in Vietnam footwear retail 2023
- Per capita footwear spending was $45 in Vietnam 2023
- Sportswear footwear segment valued at $1.8 billion in 2023
- Counterfeit footwear seized worth $100 million in 2023 raids
- Footwear retail outlets numbered 15,000 across Vietnam 2023
- Middle-class demand drove 12% growth in premium footwear market 2023
- Shopee captured 35% of online footwear sales in 2023
- Leather footwear domestic sales hit $1.1 billion in 2023
- Urban footwear consumption per person was 3.2 pairs annually 2023
- Sustainable footwear market share reached 8% or $360 million in 2023
- Children's footwear retail grew 10% to $600 million 2023
- Hanoi footwear market valued at $800 million in 2023
- Inflation adjusted footwear prices rose 4.2% in 2023
- Brand footwear imports for domestic market totaled $500 million 2023
- Footwear advertising spend was $150 million in media 2023
- Rural footwear penetration reached 75% households in 2023
- Luxury footwear segment grew 20% to $200 million in HCMC 2023
- Second-hand footwear market valued at $100 million online 2023
- Seasonal sales peaked at 40% of annual revenue during Tet 2023
- Footwear market projected to reach $6 billion by 2027 CAGR 7%
- Lazada footwear sales share was 22% of e-com total 2023
Market Statistics Interpretation
While Nike may be leading the pack and e-commerce is sprinting ahead, Vietnam's $4.5 billion footwear market is truly walking on two legs: one stepping into premium trends and urban style, and the other firmly planted in practical, nationwide demand, all while carefully navigating a path littered with counterfeits and inflation.
Production Statistics
- Vietnam's footwear production reached 1.35 billion pairs in 2022, marking a 5.2% increase from 2021
- In 2023, Vietnam manufactured over 1.4 billion pairs of footwear, with leather shoes accounting for 25% of total output
- Footwear factories in Vietnam operated at 85% capacity utilization in Q4 2023 due to rising global demand
- Binh Duong province produced 350 million pairs of footwear in 2022, representing 26% of national total
- Vietnam's athletic footwear production surged 12% year-on-year to 450 million pairs in 2023
- Dong Nai province contributed 280 million pairs of footwear production in 2023
- Synthetic footwear output in Vietnam hit 900 million pairs in 2022, 67% of total production
- Ho Chi Minh City footwear production reached 200 million pairs in 2023, up 8% from prior year
- Vietnam's footwear industry used 1.2 million tons of leather and synthetic materials in 2022 for production
- Export-oriented footwear production accounted for 90% of Vietnam's total output of 1.3 billion pairs in 2021
- In 2023, Vietnam produced 150 million pairs of high-end leather footwear for international brands
- Footwear production in the northern region of Vietnam grew 7% to 180 million pairs in 2022
- Vietnam's rubber footwear production declined 3% to 50 million pairs in 2023 amid shifting preferences
- Total footwear production capacity in Vietnam exceeded 1.5 billion pairs annually as of 2023
- In Q1 2024, footwear production increased 6.5% to 320 million pairs year-on-year
- Women's footwear production in Vietnam reached 550 million pairs in 2022, 41% of total
- Men's footwear output was 420 million pairs in 2023, growing 4.8%
- Children's footwear production totaled 380 million pairs in 2022
- Vietnam's eco-friendly footwear production rose 15% to 100 million pairs in 2023
- Automated production lines in Vietnam's footwear sector increased to 2,500 units by end-2023
- Footwear production in Tra Vinh province hit 120 million pairs in 2023
- Vietnam produced 250 million pairs of sports shoes for Nike in 2022
- Leather processing for footwear reached 400,000 tons in Vietnam 2023
- Footwear OEM production dominated with 80% share of 1.4 billion pairs in 2023
- Casual footwear production grew 10% to 600 million pairs in 2022
- In 2023, Vietnam's footwear industry recycled 50,000 tons of waste materials in production
- Production of vegan footwear in Vietnam surged to 80 million pairs in 2023
- Footwear factories numbered 5,800 in Vietnam as of 2023
- Output per worker in Vietnam footwear reached 250 pairs annually in 2022
- High-tech footwear production facilities increased by 20% to 1,200 in 2023
Production Statistics Interpretation
Vietnam's footwear industry is sprinting ahead in a global marathon, churning out over 1.4 billion pairs while deftly pivoting from synthetic workhorses to premium leather and eco-conscious sneakers, proving it's not just about quantity but also about stepping up its qualitative game.
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