US insole maker OrthoLite opens 2nd Vietnam plant as foreign investment surges

Women's Wear Daily said the move is part of OrthoLite's strategy to internalize 'end-to-end' production and strengthen support for global and regional footwear brands. 

The company, which supplies insoles to more than 550 brands including Adidas, ASICS, New Balance and Lacoste, has operated a plant in the VSIP II-A industrial park in Binh Duong Province since 2013.

In a press statement, the company said the new OrthoLite North Vietnam (ONV) facility reflects its long-term commitment to northern Vietnam and aligns with its global expansion plans focused on company-owned and -operated sites.

Michael Hsu, OrthoLite's country director overseeing ONV, said the Ninh Binh plant will expand the firm's local manufacturing capacity, shorten delivery times and increase supply-chain flexibility. 

With this strategic expansion, OrthoLite is positioned to deliver high-performance, comfort-focused insole solutions locally to global brands, he said.

Foreign investment hits 5-year high

Vietnam recorded an estimated US$21.3 billion in realized foreign direct investment (FDI) in the first 10 months of 2025, up 8.8 percent from a year earlier, according to the National Statistics Office. 

It was the highest 10-month FDI total in five years, underscoring strong investor confidence in Vietnam's policy environment and business conditions.

Among 87 countries and territories with newly-licensed projects during the period, Singapore was the largest new investor with $3.76 billion, accounting for 26.7 percent of newly-registered capital. 

China followed with $3.21 billion, accounting for 22.8 percent, while Hong Kong invested $1.38 billion, or 9.8 percent, with additional contributions from Japan, Sweden, Taiwan and South Korea.