Vietnam gifts and premiums sourcing report highlights sector’s access to artisans with diverse skills
Online report features new products – craft gifts and novelties, promotional items, and stationery – plus product pricing and a listing of 108 export suppliers.
HO CHI MINH CITY, Vietnam, Nov 3, 2016– The Hinrich Foundation released the Vietnam Sourcing Report: Gifts & premiums 2016 with the support of its partner in export development, Global Sources (NASDAQ: GSOL)
The online report includes a listing of 108 export suppliers and profiles craft gifts and novelties, promotional items, and stationery. 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 craft villages as a key factor in industry’s diverse product selection
Vietnam’s craft villages, which have been passing woodworking, weaving and embroidery skills from one generation to the next, provide the gifts and premiums industry a large pool of artisans capable of creating a wide range of products.
Craft villages in the north can be found mainly in or near the Red River Delta region. In the south, such villages are mainly located in the Mekong Delta region, and Binh Duong and Dong Nai provinces.
Hinrich Foundation’s export consultant in Vietnam, Nguyen Ly, noted that with its access to skilled artisans, the industry can offer creative handcrafted models for various price points.
About 60 percent of the industry’s output is exported, with craft gifts and novelties constituting the bulk of shipments. The U.S., the EU and Japan are the industry’s traditional overseas markets.
Dong Gia Enterprise, which offers ceramic crafts, intends to keep prices at current levels in the next six months to attract more orders. The company’s overseas markets are Europe, the U.S., Australia and Japan, according to its director Mai Phan.
The report further shows:
– Craft gifts and novelties, promotional items, and stationery come in various materials, many of which are sourced locally.
– Simple designs made of readily available inputs are generally targeted at the low end. Designs with intricate embellishments and those requiring labor-intensive procedures target the midrange or high end.
– Suppliers have varying degrees of design capability. Most exports are manufactured according to customers’ specifications, but there are companies exporting models with designs that have been developed in-house.
Vietnam Gifts & premiums 2016 is one of a series of online Sourcing Reports covering emerging Asia supply markets. Click here to view full version of the report.
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 online Developing Country Sourcing.