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Top 5 largest leather & footwear companies in Vietnam

Top 5 largest leather & footwear companies in Vietnam

Thursday 27, 01 2022
Although there are many billion-dollar businesses in the footwear sector in Vietnam, the majority of those businesses are FDI enterprises. In the list of top largest leather & footwear companies in Vietnam, VietnamCredit would just give detailed information of pure Vietnamese footwear companies which are well-established and considered as the pinoneers in the field.

1. BINH TIEN CONSUMER GOODS MANUFACTURING LIMITED COMPANY

From a small production facility established in 1982 with only 20 workers, Binh Tien Consumer Goods Manufacturing Limited Company (Biti's) has gone through the period of the subsidized economy  with many difficulties to assert their position. Currently, Biti's has become a major consumer goods manufacturing company in Asia.

Now, Biti's has presented its trademark in 40 countries around the world including such choosy market as Italy, France, UK, USA, Russia, Japan, South America, China, and Mexico.

Biti's product distribution system stretches from South to North with 07 branch centers, 156 marketing stores and more than 1,500 retail distribution intermediaries, creating stable jobs for more than 9,000 employees. The company’s annual output is over 20 million pairs of shoes with a wide range of products and a variety of designs and models such as high-class sports shoes, fashionable women's shoes, leather western shoes, canvas shoes, EVA foam sandals, and indoor walking shoes.

In China, Biti's has set up 04 representative offices with 30 total sales and more than 300 sales points. With the potential Cambodian market, Biti's has an official distributor Cambo Trading Company to distribute Biti's products throughout this country.

In 2020, this company recorded a revenue of 565.5 billion VND, with a profit of 76.7 billion VND.

BINH TIEN CONSUMER GOODS MANUFACTURING LIMITED COMPANY

2. NGOCHA SHOES JOINT STOCK COMPANY

Ngoc Ha Shoes Joint Stock Company (SHOEHAMEX) has been in operation for over 31 years in the field of producing footwear. Ngoc Ha Shoes specializes in manufacturing leather & footwear products for export to the EU, the US, and many other countries.

With a factory area of 26,000 m2, modern machinery and equipment, the company is gradually expanding production, improving productivity and product quality to increasingly meet the tastes of consumers.

The company’s major business activities include producing and processing leather and footwear products; wholesale and export. It specializes in trading sandals, leather shoes and artificial leather shoes.

In the past 3 years, Ngoc Ha Shoes has maintained a revenue of around 200 billion VND, with after-tax profit reaching over 3 billion VND in 2018 and 2019. In 2020, the company's revenue and profit after tax decreased due to the impact of the epidemic.

NGOCHA SHOES JOINT STOCK COMPANY

3. THANH LUAN PRODUCTION AND TRADING CO., LTD

Thanh Luan Production and Trading Company Limited is an experienced and reputable establishment in the distribution of high-quality leather shoes under the Canbos brand.

Business activities of the company include:

• Processing according to orders

• Wholesale and retail

Its major trading items are men's work shoes and sports leather shoes.

THANH LUAN PRODUCTION AND TRADING CO., LTD

4. THUONGDINH FOOTWEAR JOINT STOCK COMPANY

Thuong Dinh Shoes is a shoe brand that is known and preferred by many Vietnamese consumers. Specifically, it has more than 60 million regular customers in Vietnam and some countries including China, Laos, Cambodia, with prestige and quality always being the top concern.

After nearly 50 years of development, Thuong Dinh Shoes brand has been really popular among consumers. This is reflected in the figures of production and consumption growth over the years, through awards and rewards for the company's products. For many years in a row, the Thuong Dinh shoe brand has always been voted by consumers as one of the TOPTEN products and the most preferred product by consumers. That has proved that the value of Thuong Dinh Shoes brand is extremely great, and it has won the trust and preference of consumers.

THUONGDINH FOOTWEAR JOINT STOCK COMPANY

5. HANOI RUBBER JOINT STOCK COMPANY

Hanoi Rubber Joint Stock Company was established under Decision No. 1606/QD-UB dated April 5, 2005 of Hanoi People's Committee. Its business registration license was issued by Hanoi Department of Planning and Investment on April 12, 2005. The predecessor of the company was two units: Hanoi Rubber Enterprise and Thong Nhat Rubber Enterprise.

The company is specializing in the production and trading of leather materials, shoes, and bags. With a rich assortment, following fashion trends - the company's products have gained more trust from consumers.

In 2020, Hanoi Rubber's revenue decreased significantly compared to 2019, from 78.4 billion VND to 17.6 billion VND. Profit after tax also decreased significantly. Specifically, in 2020, this business suffered a loss of 28.3 billion VND.

HANOI RUBBER JOINT STOCK COMPANY

Alice Hoang Thao - VietnamCredit

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