Footwear giants transfer orders into Vietnam

Footwear giants like Nike, Adidas and Puma have been moving their orders from China and Bangladesh into Vietnam since early this year, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
 
The moving rate is 25 percent higher than the same period last year.
 
Besides, Target Sourcing Services who is among the world ten largest distributors and Dansu Group are planning investment in Vietnam.
 
Companies that used to order in China only like high-class handbag groups Lancaster and Sequoia Paris have also moved investment into Vietnam to disperse risks.
 
Timberland and Puma want to expand production in Vietnam to meet the increasing demand of orders transferred from China.

By My Hanh – Translated by Hai Mien

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