According to the Vietnam Leather and Footwear Association, the average consumption rate of shoes in 2011 per person in the country has increased 2.5 times since 2000.

With a population of 86 million, the country demands 130 million pairs per year. This figure accounts for a significant portion of the approximately 780 million pairs produced annually by the country’s footwear industry. 

Vietnamese-made shoes have an advantage in the local market because of low distribution costs. The footwear industry is forecast to see a growth rate of 8% per year in the future and with increasing demand from local shoppers.

The country is estimated to need 355 million pairs of shoes per year by 2020, 70-80% of which will be made in Vietnam.

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