Vietnam: Leather and footwear exports rise sharply
17/07/2025
Footwear accounted for approximately $12 billion of this total, up 10.1%, while handbags and related products contributed nearly $2.2 billion, an 11.6% increase.
Vietnam remains the world’s third-largest leather-footwear producer and second-largest exporter, supported by free trade agreements and a competitive labour market.
Despite ongoing challenges, the industry is targeting 10% export growth in 2025, with efforts focused on sustainability, supply chain localisation, and product development.