With over 18,000 active enterprises, the textile and footwear industry is one of Vietnam’s key export pillars.

As of the end of January 2025, 98 of Nike’s manufacturing and supply partners have set up operations in Vietnam, managing a total of 162 factories and employing over 493,000 workers. According to Nike’s FY2024 Annual Report (ending May 31, 2024), Vietnam remains the American sportswear giant’s largest production base globally. With the U.S. President proposing a 46% retaliatory tariff on Vietnam (currently pending negotiation), companies like Nike—heavily reliant on Vietnames

Overseas shipments within the first seven months of 2022 earned more than 14 billion USD for the leather and footwear sector.