Lacty Ii Company Limited (Vietnam)

The subject has operated for over ten years in Vietnam. It is one of the factories of LAIYI group in Vietnam and is engaged in manufacturing and processing sports shoes for Adidas. Its products are exported to many countries such as Taiwan, Japan, China, Hong Kong, UK, Germany, Greece... Its business scale is ranked as Extremely Large.As reported data, its business result was recovered gradually in 2022 but profitability had not been impressive, yet. Please be notice that according to statistic of Footwear and Handbag Association (Lefaso), from the fourth quarter of 2022, all export industries, including footwear, would be greatly affected by the world market. The target export turnover for 2023 of this industry is USD 27 billion but due to the prolonged bad situation, this target can hardly be achieved. In the first 5 months of 2023, the export of the entire Vietnamese leather and footwear industry continued to face many difficulties due to the unstable world economic situation. In Aug 2023, subject welcomed 300 new trial workers to work in its factory.