How to source with Globalsources
Vietnamese suppliers are also featured on Globalsources.com's supplier directory. However, there are significantly fewer vendors here than on Alibaba. Some of them also go to Hong Kong's Globalsources trade exhibitions.
Despite having a few Vietnamese suppliers, Globalsources.com offers the most information about them of any website, including the same as Alibaba plus :
- The authorized capital
- The paid-up capital
- The Import and Export License
- The business scope
When choosing a supplier, it's crucial to consider the business's scope, legal representation, and registered capital (also known as paid-up capital).
Some other suppliers directories
Then there are the directories of nearby suppliers to achieve your researches.
We believe that when it comes to internet accessibility, Vietnamese providers need to catch up.
Vietnamese Sourcing fairs and trade shows
Like the rest of the globe, Vietnam hosts a number of trade exhibitions every year.
In Vietnam, specialized sectors are the main focus of the majority of trade exhibitions. Over 90% of trade exhibitions in Vietnam are held in only two locations, namely Hanoi and Ho Chi Minh City. Visit 10 times for a complete list of trade shows in Vietnam.
Vietnam Expo 2023
The largest trade fair in Vietnam, or Vietnam Expo as it is more generally known, is also one of the few that is not industry-specific.
The goal of Vietnam Expo is to promote business and industry in Vietnam and link foreign customers with Vietnamese suppliers.
The Canton Fair is intended to be for China, as is the Vietnam Expo for Vietnam. The Fair takes place in Hanoi, and the following one is scheduled for April 2023.
Vietnam International Furniture & Home Accessories Expo
The largest furniture trade event in Vietnam is most frequently known as VIFA EXPO. Over 1,800 booths and approximately 400 firms were present the previous year. The exhibition offers a wide variety of furniture producers, handicrafts, home furnishings, and more.
Every year, the occasion takes place in Ho Chi Minh City. The event will highlight the newest production techniques and technologies in addition to final items, with a strong emphasis on furniture and home accessories.
The next VIFA EXPO will takes place from 31th August to 3rd September 2022.
The Vietnam International Textile & Apparel Accessories Exhibition
One of the biggest trade events in Vietnam for clothing, textiles, and accessories, this event is commonly known as VITA Tex (zippers, buttons, etc.).
Vietnam is quickly rising to the top of the list of nations producing apparel and textiles. As a result, this event is starting to serve as the focal point for Southeast Asian, Chinese, and Vietnamese garment manufacturers. We advise you to attend this event and its two sibling events if you're interested in starting a new clothing business.
The Vietnam International Textile & Garment Industry Exhibition and the Vietnam International Footwear Machinery & Material Industry Exhibition are both taking place at the same time as this event.
The emphasis of these events is more on the manufacturing equipment and supplies than on the finished products. In 2022, the exhibition will take place at Ho Chi Minh City from 21st to 24th of September.
International Exhibition on Electrical Technology & Equipment
ETE The biggest electronics show in Vietnam. They expect approximately 20,000 visitors and 500 exhibitors in 2022. The focus of this trade event is on both components and all electronics. The International Exhibition on Products, Technologies of Energy-saving and Green Power (Enetec Expo 2019), which focuses on Green and renewable energy, and this event are hosted concurrently and at the same locations. The last ETE exhibition took place at Ho Chi Minh City on July 2022.
Which product can you import from Vietnam
Vietnam's industrial sector is smaller than China's. When it comes to OEM production, Asia may come in a close second.
Vietnam might be a viable manufacturing location if you are importing goods from one of the following product categories:
- Apparel
- Domestic textiles
- Bags & Luggage
- Furniture
- Printing and packaging
- Promotional Goods & Presents
- Agriculture and Food Products
- Plastic PVC
- Hair extensions
- Plastic in HDPE and LDPE
- Tarpaulins
- Wooden goods
Vietnam is becoming as a key location for the production of electrical goods.
However, the nation's electronics industry is mostly dominated by international corporations like Samsung or significant contract manufacturers like Foxconn.
If you anticipate discovering a sizable number of private-label electronics producers as you can in Shenzhen, China, you will probably be dissatisfied.
About Dropshipping in Vietnam
In the late 2000s, traders in Hong Kong and Guangdong province developed the idea of dropshipping.
In Vietnam, though, we have yet to observe this take root, and we don't believe it ever will.
In fact, numerous Chinese dropshipping providers are currently concentrating on B2C sales to customers in Vietnam and other Southeast Asian countries.
Vietnamese quality inspection
Many of the quality inspection firms operating in Vietnam have their headquarters in Hong Kong or Mainland China. Similar to other nations in the area, the typical cost per examination is between $300 and $400 USD.
FNM can help you with this step thanks to our 10 years of experience in this field and all our experts based in Vietnam. We can proceed to the quality inspection of your product, and negotiate for free samples. We also have an audit service to ensure supplier reliability.
Vietnam laboratory tests
A sizable number of businesses have established lab testing facilities in Vietnam in recent years. Others are smaller regional operations, while some are run by big testing corporations.
In certain cases, we are still unable to locate an appropriate testing center in Vietnam. The product samples can then be shipped to a facility in China, Europe, or the US instead under these circumstances. Despite the fact that the items are produced in Vietnam, lab testing is not required to take place there. To be sure that your product will be well tested and respect standards, we advise you to rely on FNM, who will handle this step thanks to our experience.
Cities and clusters with a primary industry
The southern regions of many Asian nations typically have economic sway. Ho Chi Minh City, usually known as Saigon, is the commercial and manufacturing hub of Vietnam, which is no exception.
The north also has sizable industrial regions. Especially in and around the port city of Hai Phong and the nation's capital, Hanoi.
Shipping and Ports
As previously indicated, the southern regions of Vietnam, which account for 70% of all exports, are the country's economic hub. The biggest container facility in the nation is obviously Saigon New Port. Nevertheless, providers may be found from the north to the south of Vietnam.
It's likely that your shipment may transit via one of the following ports if you begin importing items from Vietnam:
- Port Hai Phong (North)
- Tay Ninh (Central)
- New Saigon Port (South)
- International Terminal at Cai Mep (South)
Freight Forwarders
To import products from Vietnam, you don't always have to cooperate with a forwarder that has its headquarters there. Remember that the majority of forwarders operating in Vietnam don't have local warehouses or offices, but rather collaborate closely with regional organizations, and that's the way the logistics sector operates.
Now, we can talk about costs, and, surprise…neither Vietnam nor any other country in the globe has any “cheap freight forwarders” or “discount shipping firms.” Shipping costs fluctuate continuously and are solely determined by the incoterm.
For instance, a CIF quotation is usually less expensive than a DAP or DDP quotation, but in the end, your cost will be the same.
Furthermore, predicting future pricing changes for shipping from Vietnam is difficult. Vietnam is now experiencing a significant export boom, and the trade conflict is expected to cause more businesses to relocate there in the upcoming years.
