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Are you looking to source from Vietnam but still hesitate because of lacking necessary information about Vietnam’s manufacturing? Then this video is for you!

Vietnam's foreign trade rose to USD 176.35 billion in Q1 with garment and textiles, footwear, wooden products, agricultural products and furniture are 5 of the top products that are being sourced and manufactured right now in Vietnam and the country is potentially to be at the top in terms of sourcing and emerged itself as a prime location for sourcing for several reasons such as competitive labor, political stability, low business expenses, and a growing consumer market.

Another benefit of relocating your sourcing to Vietnam is free trade areas has been setting up across the country that come along with benefits for foreign investors like 10% tax rate locked in for 15 years, 0 corporate taxes for 4 years are few of many reasons to settle your supply chain in VietNam. Currently there are about 16 FTA areas that are located across the country.

The sourcing and manufacturing industry with exports of agricultural and wooden products like fruits and furniture is growing incredibly fast in Vietnam that it’s threatening China for being the number 1 destination for foreign investors looking for a destination to locate their manufacturer with the benefit the country offers.

In this video, we will also show you guys the inside of one of the biggest fair of furniture and wooden products with many types like outdoor - indoor furnitures or maybe rattan and metal products from local and foreign brands.

Here are the timestamp for all the necessary information that you may look for:

00:00 - Top 5 products made in Vietnam
00:33 - Best products for Manufacturing and Sourcing in Vietnam
02:03 - Why sourcing in Vietnam instead of China
02:10 - #1 Low cost of labor to work in manufacturing industry in Vietnam
03:10 - #2 Foreign ownership of trading company and factory in Vietnam
04:18 - #3 Free Trade Zones in Vietnam
04:52 - Top 5 Product Categories to manufacture, source and export in Vietnam
05:14 - #1 Garment and Textile manufacturing in Vietnam
06:58 - #2 Footwear manufacturing and export in Vietnam, big brands shifting their supply chains, manufacturers from China to Vietnam
08:36 - #3 Furniture manufacturing and export in Vietnam
10:30 - #4 Agricultural products- Fruits export manufacturing in Vietnam
12:00 - #5 Wooden products manufacturing in Vietnam
15:15 - Inside of the VIFA-EXPO fair (Vietnam’s furniture exhibition)

Through this video, you will have a better knowledge about the manufacturing industry in Vietnam and how products like garment, textiles, furniture and wooden products are being manufactured as well as the shift of supply chains of big companies from China to Vietnam in 2022.

Hopefully after watching this video about manufacturing and soucring in Vietnam and the top products of Vietnam’s industry, you will be able to get a better understanding about the sourcing and manufacturing industry in Vietnam as well as the pros and cons of sourcing your products in Vietnam compare to China .If you’re considering to recolate your supply chain to Vietnam and still have any question, leave your comments down below and we will make sure to answer all your question.

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