WHY THE FOOTWEAR INDUSTRY IS CRUCIAL IN MAINTAINING VIETNAM TRADE DATA
WHY THE FOOTWEAR INDUSTRY IS CRUCIAL IN MAINTAINING VIETNAM TRADE DATA SHARE OF THE FOOTWEAR INDUSTRY IN VIETNAM To start with some amazing insights and facts about the footwear industry that is growing day by day in Vietnam are about the two big giants and international competitors in the market of footwear that are Nike and Adidas. Surprisingly, these two brands have chosen Vietnam for the purpose of making it the main production base of their products. This has happened only because of the cheap and young labor that is available in Vietnam. If we talk specifically about Nike, then the brand has already set up more than 100 suppliers in Vietnam with 96 factories. All these happenings are responsible to give a strong boost to Vietnam Trade Data and hence growing the economy of the nation. As per the Vietnam Trade Data for the year 2021, a slight decline in exports was observed in the nation due to the ongoing pandemic situation. Total exports worth USD 17.8 billion were reco