Vietnam the largest source country for Adidas footwear

By Tri Duc
Thu, August 22, 2024 | 10:04 pm GMT+7

Vietnam has returned as the largest source country for Adidas footwear, accounting for 38% of the German athletic apparel and footwear corporation's total output in 2023, up from 32% the previous year.

It had ceded the top source spot to Indonesia in 2022 which made up 34% of Adidas’s total footwear output that year. Indonesia's figure in 2023 was 32%.

China was the third-biggest source country in 2023 with 14%, versus 16% in 2022.

Adidas said its footwear manufacturing partners produced approximately 311 million pairs in 2023, down 25.8% year-on-year from 419 million in 2022. Up to 97% of its footwear products were produced in Asia in 2023.

A store of Adidas in Ho Chi Minh City. Photo courtesy of Adidas.

A store of Adidas in Ho Chi Minh City. Photo courtesy of Adidas.

Regarding apparel products, Adidas’s output in 2023 was 328 million units, down 32% year-on-year. It sourced 91% from Asia last year.

Cambodia was the largest source country with 23%, up from 22% in 2022. Vietnam was the second-largest with 20%, up from 17% in 2022; followed by China with 15% in 2023, down from 17% in 2022.

In Vietnam, Adidas sourced its products from 17 factories, the highest number among all countries. Other top positions belonged to China with 14 factories, Indonesia with 13, and Cambodia with 10.

Adidas noted that the wages paid by factories in Vietnam surpassed the minimum wages regulated by the government by 72-78%, and 18% above the benchmark of the Global Living Wage Coalition.

Comments (0)
  • Read More
EV makers in Vietnam likely to be exempted from battery collection, recycling requirements

EV makers in Vietnam likely to be exempted from battery collection, recycling requirements

Manufacturers of electric vehicle batteries in Vietnam are likely to be exempted from collection and recycling responsibilities, as makers like VinFast and Toyota currently do not have battery waste to recycle.

Economy - Mon, December 1, 2025 | 10:14 am GMT+7

Confidence in a new cycle for Vietnam’s stock market

Confidence in a new cycle for Vietnam’s stock market

Financial expert Huynh Hoang Phuong believes that Vietnam’s market status upgrade from "frontier" to "second emerging", set to be effective from September 2026, will provide an important foundation for the stock market to enter a new development cycle - one filled with many opportunities but also challenges.

Finance - Mon, December 1, 2025 | 6:59 am GMT+7

Malaysia leads Southeast Asia’s digital economic growth

Malaysia leads Southeast Asia’s digital economic growth

Malaysia is now the fastest-growing digital economy in Southeast Asia with a year-on-year increase of 19%, and on track to reach $39 billion in gross merchandise value (GMV) this year, according to the 10th edition of the e-Conomy SEA Report 2025.

Southeast Asia - Sun, November 30, 2025 | 4:19 pm GMT+7

'K-pop Father' Lee Soo-man to build $99 mln entertainment-tourism complex in central Vietnam

'K-pop Father' Lee Soo-man to build $99 mln entertainment-tourism complex in central Vietnam

South Korean producer Lee Soo-man, known as the “Father of K-pop,” plans to invest nearly VND2.6 trillion ($98.62 million) in a cultural, sports, recreation, commercial and tourism complex in Gia Lai province through Blooming Sky Co., Ltd.

Real Estate - Sun, November 30, 2025 | 12:09 pm GMT+7

Thailand’s WHA seeks special mechanisms for two industrial zone projects in central Vietnam

Thailand’s WHA seeks special mechanisms for two industrial zone projects in central Vietnam

WHA Industrial Zone Nghe An, a unit of WHA Group - Thailand's leader in fully-integrated logistics and industrial facilities solution - has submitted a proposal to Nghe An province authorities seeking to have its projects included in the list of those eligible for special mechanisms.

Industrial real estate - Sun, November 30, 2025 | 10:07 am GMT+7

Steelmaker Nam Kim to explore tin-nickel coated steel production for EV battery shells

Steelmaker Nam Kim to explore tin-nickel coated steel production for EV battery shells

Nam Kim Steel JSC (HoSE: NKG), a leading coated‑steel manufacturer in Vietnam, plans to research production of tin‑coated steel for the packaging industry, and tin‑nickel coated steel for electric‑vehicle battery shells, serving both domestic and export markets.

Companies - Sun, November 30, 2025 | 8:00 am GMT+7

Cutting logistics costs to global average could save $45 bln a year for Vietnam: PM

Cutting logistics costs to global average could save $45 bln a year for Vietnam: PM

Prime Minister Pham Minh Chinh said Vietnam could save $45 billion annually if it lowers logistics costs by around 16% to match the global average.

Economy - Sat, November 29, 2025 | 6:48 pm GMT+7

Coca-Cola Beverages Vietnam loses lawsuit against local tax authority

Coca-Cola Beverages Vietnam loses lawsuit against local tax authority

The Ho Chi Minh City People's Court on Thursday dismissed a lawsuit filed by Coca-Cola Beverages Vietnam against the Ministry of Finance's Department of Taxation, thereby upholding the department's decision to collect back taxes and impose a fine of over VND821 billion ($31.14 million) in total.

Finance - Sat, November 29, 2025 | 2:27 pm GMT+7

Honda Vietnam rejects information Honda Mobilityland plans 600-ha tourism, entertainment, sports complex in southern Vietnam

Honda Vietnam rejects information Honda Mobilityland plans 600-ha tourism, entertainment, sports complex in southern Vietnam

Honda Vietnam on Friday rejected the information that Honda Mobilityland Corporation, a subsidiary of Japan’s Honda Motor Co., plans to build an international circuit in Tay Ninh province, towards developing a 600-hectare tourism, entertainment, and sports complex there.

Industries - Sat, November 29, 2025 | 10:23 am GMT+7

Vietnam's largest tungsten mine has updated planning okayed

Vietnam's largest tungsten mine has updated planning okayed

Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, has had its updated planning approved under a decision signed by Deputy Prime Minister Tran Hong Ha.

Economy - Sat, November 29, 2025 | 9:34 am GMT+7

Foreign-backed Arque Degi to build $322 mln floating tourism-urban projects in central Vietnam

Foreign-backed Arque Degi to build $322 mln floating tourism-urban projects in central Vietnam

Authorities in Gia Lai province have granted an investment certificate to Arque Degi JSC to develop three floating tourism-urban projects worth a combined VND8.5 trillion ($322.42 million) in the De Gi lagoon area.

Real Estate - Sat, November 29, 2025 | 8:00 am GMT+7

Indonesia eyes trilateral data-center tie-up with Singapore, Malaysia

Indonesia eyes trilateral data-center tie-up with Singapore, Malaysia

Indonesia is in talks with Singapore and Malaysia to develop a cross-border data-center network linked to its Green Super Grid.

Southeast Asia - Fri, November 28, 2025 | 9:57 pm GMT+7

Malaysia’s export growth expected to slow in 2026

Malaysia’s export growth expected to slow in 2026

Despite Malaysia’s trade growth in October 2025 surpassing expectations, with both exports and imports reaching record levels, economists warned that the country’s export expansion may slow in 2026.

Southeast Asia - Fri, November 28, 2025 | 9:53 pm GMT+7

Singapore promotes methanol use for bunkering

Singapore promotes methanol use for bunkering

The Maritime and Port Authority of Singapore (MPA) will issue licences to supply methanol as marine fuel in the Port of Singapore from January 1, 2026, following the Call for Applications launched in March 2025.

Southeast Asia - Fri, November 28, 2025 | 9:46 pm GMT+7

Vietnam's tour operator Vietravel announces full exit from Vietravel Airlines

Vietnam's tour operator Vietravel announces full exit from Vietravel Airlines

Vietravel, one of Vietnam’s largest tour operators, will divest its entire stake in Vietravel Airlines by year-end, drawing a close to its turbulent venture into aviation during five years.

Travel - Fri, November 28, 2025 | 9:22 pm GMT+7

VinSpeed, Thaco vie for investment role in North-South high-speed railway

VinSpeed, Thaco vie for investment role in North-South high-speed railway

Several major Vietnamese companies, including Vingroup subsidiary VinSpeed and automaker Thaco, are vying for a role in Vietnam’s gigantic North-South high-speed railway project.

Infrastructure - Fri, November 28, 2025 | 5:14 pm GMT+7