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What does it mean to have Y3 or VT on the label of Nike shoes?
The label of Nike shoes means Y3 or VT:

Y3: Yuyuan Footwear Co., Ltd., which is located in Gaobu Town, Dongguan, Guangdong Province, mainly produces high-end basketball shoes, and some Sales Sample marked with Y3SS are also produced in this factory.

vt: Vietnam is Vietnam. Refers to the origin of this pair of shoes.