OrthoLite, an American manufacturer of insoles and shoe materials, on November 21st opened a new production facility in Ninh Binh province (Northern Vietnam). This is the company's second factory in the country: the first has been operating in Binh Duong since 2013, according to Tuoi Tre News.
OrthoLite manufactures insoles for more than 550 brands, including Adidas, ASICS, New Balance and Lacoste.
Michael Hsu, OrthoLite's Regional Director for Northern Vietnam, noted that the new factory will increase local production capacity and reduce delivery times. This will allow the company to more quickly supply insoles to global brands operating in the region.
According to the General Statistics Office, approximately $21.3 billion in foreign direct investment was attracted to Vietnam in the first 10 months of 2025, an increase of 8.8% compared to the previous year. This is the highest figure in the last five years.
The largest investor is Singapore ($3.76 billion, 26.7%), followed by China ($3.21 billion, 22.8%) and Hong Kong ($1.38 billion, 9.8%). Other major investors include Japan, Sweden, Taiwan and South Korea.