Saigon Jim Brother's Corporation (Vietnam)

The subject is a member of EP Group, which specializes in making shoes for Adidas. In Vietnam, the subject focuses on producing sole and processing sport shoes. All products are exported to other foreign countries for consumption.The factory of the subject is located at “Binh Chuan Production Area, Binh Chuan Ward, Thuan An City, Binh Duong Province, Vietnam” with total production capacity of 14.5 million pairs/year. The subject buys raw materials and directly manufactures 5 million pairs, and then processes them into finished shoes. The remaining 9.5 million pairs are purchased from external suppliers. After that, the subject will re-process into finished shoes through outsole process (sanding, sole pressing), logo printing process and shoe manufacturing technology process (finished shoe assembly).According to the Vietnam Leather - Shoe - Handbag Association (LEFASO), the leather shoe industry is said to be facing many difficulties. Businesses are facing a serious shortage of orders, up to 30-50% for traditional markets, especially the two markets accounting for 70% of Vietnam's leather and footwear export turnover, the United States and the EU which decreased by 35% and 13% respectively. According to data from the General Department of Customs, Vietnam's footwear exports in the first 8 months of 2023, exports of this item reached USD13.36 billion, down by 18.4% over the same period in 2022 and accounting for 5.86% of the country's total export turnover.