Growth outlook for the sector
For the period 2022-2026, the Vietnamese footwear industry has expectations of annual growth between 10% and 12%.
As part of this program, the sector aims to achieve US$ 27-28 billion in exports by 2025, and between US$ 38-39 billion by 2030, according to 2030 Development Strategy for Vietnam's Textile, Leather and Footwear Industries.
In the first two months of 2024, Vietnamese footwear exports totaled US$ 3.1 billion, according to data from the General Department of Customs, as reported by World Footwear.