Figures show Vietnam is becoming more important for Pou Chen
26/11/2015
Pou Chen recently told Japanese business publication The Nikkei Asian Review that it made 34% of its shoes in Vietnam in 2013 and 39% in 2014. However, as of September 2015, the company said Vietnam’s share of total production stood at 42%.
Company spokesman Amos Ho told Nikkei that Pou Chen has been moving manufacturing to Vietnam gradually since 2012, citing rising labour costs in China, rather than TPP, as the main reason. Analysts, however, have told Nikkei that Pou Chen and other manufacturing groups are increasing production capacity in Vietnam in anticipation of the duty-free benefits of TPP.
Across all its production sites, Pou Chen has the capacity to make more than 300 million pairs of shoes per year.
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