According to Adidas’s 2026 annual report, Vietnam contributed 27% of the group’s total output volume in 2025, unchanged from the previous year and maintaining its position as the company’s top manufacturing hub. Indonesia ranked second with an 18% share, down from 19%, while China held steady at 16%.

The data underscores Vietnam’s central role in Adidas’s global production network, particularly as the company keeps 92% of its manufacturing volume in Asia, unchanged from 2024.

Vietnam’s dominance is most pronounced in footwear, where it accounted for 41% of Adidas’s global output. Indonesia followed with 31%, while China contributed 14%.

In apparel, Vietnam ranked second with an 18% share of output, behind Cambodia at 20% but ahead of China at 17%.

According to the German company, at the end of the last fiscal year, the net income stood at €1.385 billion, an increase of 66.47% compared to the €832 million in 2024.

Adidas’s operating income rose by 53.78% to €2.056 billion. The company achieved a gross margin of 51.6% for 2025 as a whole, compared with 50.8% for the year ended 12 months earlier.

In parallel with the increase in profitability, Adidas ended 2025 with a new sales record of €24.811 billion, representing growth of 4.76% compared to 2024, when the company grew in double digits.