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Vietnam’s Shoe Exports Are on the Rise as the US-China Trade War Heats Up

Vietnam is stepping up its footwear exports as it makes a play to capture some of the business once dominated by China.
The country exported nearly $11.8 billion worth of footwear between January and September of this year, a 10.5 percent increase over last year’s total, said Vietnam’s Ministry of Industry and Trade on Tuesday. It ranks second after China among the U.S.’s biggest sources of footwear, exporting 404 million pairs of shoes to America in 2017.
The upward trend is likely to continue, too, as rising wages in China increase the cost of goods produced there and the country directs more of its manufacturing resources towards pricier goods like electronics.
Adidas, for instance, said in May that Vietnam had overtaken China as its top supplier for footwear, with Vietnamese factories producing 44 percent of its shoes by volume in 2017, up from 31 percent in 2012, and Chinese manufacturers supplying 19 percent, down from more than 30 percent in 2012.
This balance could help shield the company from potential tariffs or supply chain disruptions if President Donald Trump’s trade war with China continues to escalate, a fact that competitors seem to be taking notice of. Puma, for one, said this spring that its

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Via:: https://footwearnews.com/2018/business/news/vietnam-usa-shoe-exports-trade-war-1202693078/