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HO CHI MINH CITY, Oct. 20, 2015 – The Hinrich Foundation released the Vietnam Sourcing Report: Lacquerware with the support of its partner in export development, Global Sources (NASDAQ: GSOL).

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Online report lists over 100 export suppliers and includes details on new products – table and dinnerware, paintings, vases and boxes – plus pricing and supply market trends.

The online report includes names and details of over 100 export suppliers and images of table and dinnerware, paintings, vases and boxes. 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.

Flexible MOQ and foreign investment gives Vietnam lacquerware industry a boost

The lacquerware industry continues to receive investment from The British Council, the Spanish Government’s MDG Achievement Fund and the United Nations Industrial Development Organization. As part of this multi-player initiative, 4,800 households in North Vietnam will be trained to better plant, cultivate and harvest lacquer trees.

The report also notes:

  • Overall exports increased by 10 percent during the first five months of 2015.
  • Suppliers’ flexible MOQ encourages buyers’ orders.

“Vivid-colored abstract paintings similar to famous masterpieces are preferred by Europe markets. Monochrome items with hand-painted details on vases, table and dinnerware are in demand in Asia,” said Artex Saigon Sales Manager Linda Tran. “Alternative industrial paint and coating are made of cashew nut shell oil paint, making them unique and friendly to health and the environment. Lacquer solutions also contain cashew gum.”

These design trends will continue to be the focus of Vietnam suppliers over the next six months. The popular traditional motifs will include sacred animals such as the dragon. Pine, bamboo, chrysanthemums, apricot trees, the four seasons, clouds and pagodas will also be prevalent design themes.

Most suppliers depend on buyers’ designs. As a result, few makers focus on creating new styles.

Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodia and Indonesia

The Vietnam Sourcing Report: Lacquerware 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 are:

Sourcing from Vietnam buyer’s guide

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

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 by the link here.

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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