Hinrich-Bags-News-Release

HO CHI MINH CITY, Vietnam, Sept. 2, 2016 – The Hinrich Foundation released the Vietnam Sourcing Report: Bags 2016 with the support of its partner in export development, Global Sources (NASDAQ: GSOL).

The online report includes details of 100 export suppliers and profiles business, fashion, travel and special-purpose bags. The report also features industry information, new product features, price guides and export data. PDFs of each section are available to download for free online.

Report highlights creative and flexible designs
Vietnam bag suppliers employ flexibility and creativity in their designs with a diverse resource of raw materials within the country. Even fabric lining, thread, tags and other packaging supplies are sourced locally.

Multifunction backpacks in convertible, fashionable styles are gaining ground. They feature several pockets and slots for storing smartphones, gadgets and documents. Popular decorative elements are printed or embroidered statements and graphics.

The report further shows:

  • Vietnam suppliers shipped an estimated $2 billion worth of bags and wallets notably to the U.S., Japan, the Netherlands, Germany and China in 2015.
  • Industry analysts anticipate bullish exports in 2017 because of the benefits from the ratification of free trade agreements (FTA) such as ASEAN FTA, Vietnam-EU FTA and Vietnam-Japan Economic Partnership Agreement.
  • OEM orders comprise 70 to 80 percent of Vietnam’s exports of leather fashion handbags and special-purpose bags.

Vietnam Bags 2016 is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online at http://www.developingcountrysourcing.com/vietnam-country-page/vietnam-sourcing-2016-bags-vertical/.

Other related Sourcing Reports available online are:

Sourcing from Vietnam buyer’s guide

To help buyers new to Vietnam sourcing, the Hinrich Foundation has prepared a guide that provides an overview of the industries and products available.

Buyers will also learn how to find and vet reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes at http://www.developingcountrysourcing.com/sourcingfromvietnam/.

About the Hinrich Foundation

To learn how the Hinrich Foundation‘s Export Assistance Program can help you improve your export marketing results, contact your Export Consultant:

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