Let's have a look at the favorable and unfavorable factors of Vietnam.
Favorable factors:
Low- cost labor force;
Numerous shoe making equipment;
So far Taiwan / Mainland Chinese entrepreneurs are welcomed to invest,etc.
Unfavorable factors:
firstly, with quite many labor-intensive and low value-added industries, potential of shoes industry is limited.
Secondly, energy, pollution, labor and land problems exist. Especially in the area of HCHC, low value-add industry compete with high value-added industries for land and labor. Thirdly, port facilities are backward, but favorably Taiwan / Mainland investors are rebuilding.
Lastly, political environment is unstable, which affects the shoe industry somehow.