Vietnam fashion accessories sourcing report highlights high-grade materials and nature motifs targeting midrange and upscale markets
HO CHI MINH CITY, Oct. 20, 2015 – The Hinrich Foundation released the Vietnam Sourcing Report: Fashion accessories with the support of its partner in export development, Global Sources (NASDAQ: GSOL).
The online report includes names and details of 100 export suppliers and images of fashion jewelry, bags, wallets, belts, headwear and neckwear. 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 shows a sharp increase in revenue from Vietnam bags and wallets
Findings in the Vietnam fashion accessories report show:
- Bags and wallets account for 82 percent of total export revenue.
- Bag and wallet exports increased 36 percent compared to the previous year.
- Headwear and neckwear exports jumped by 43 percent.
- The main market is the US, accounting for 38 percent of exports.
Large suppliers can produce more than 200 million pieces monthly. Vietnam has a large pool of skilled artisans who are adept at weaving, embroidery, crocheting and other labor-intensive processes. These workers are based in more than 3,000 craft villages throughout the nation.
“Vietnam-made fashion accessories mostly feature high-grade materials and nature motifs to target the midrange and upscale markets,” said Hinrich Foundation Program Director Alex Boome.
Suppliers noted their new models will feature bold prints in bright hues. Totes, shoulder bags and satchels will highlight large floral motifs. Animal skin, striped and patchwork patterns will be featured for hats and scarves.
Makers that are still building their clientele often keep prices low to keep competitive. They frequently shoulder increasing labor and material costs to encourage new orders.
Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodia and Indonesia
The Vietnam Sourcing Report: Fashion accessories is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online here.
Other related Sourcing Reports available online include:
- PHILIPPINES: Fashion accessories, Garments
- VIETNAM: Footwear, Bags
- INDIA: Fashion accessories, Footwear
- NEPAL: Fashion accessories, Fashion jewelry
- MYANMAR: Fashion accessories, Garments
- CAMBODIA: Fashion accessories & garments
- INDONESIA: Fashion accessories
The next report in the Vietnam Sourcing series is Garments available here.
Sourcing from Vietnam buyer’s guide
About the Hinrich Foundation
The Hinrich Foundation believes sustainable global trade promotes peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas:
- Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. The Hinrich Foundation offers scholarships to students from Myanmar, Cambodia, Vietnam, Lao and China to study in Hong Kong, Thailand, The Philippines and the U.S. We give our scholars internships and on-the-job training in export related companies and organizations in 10 countries.
- Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance, the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
- International trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.
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