Vietnam bags sourcing report highlights blend of form and function
Online report features fashion bags, business bags and travel bags, plus a listing of 100 export suppliers
The online report includes a listing of 100 export suppliers and profiles fashion bags, business bags and travel bags. It also features an overview of the industry, new product features, price guides and export data. PDFs of each section are available to download for free online.
Report focuses on aesthetic yet functional designs
Vietnam bag suppliers are enhancing both the form and function of their products. Designs range from handwoven fashion bags to trendy business and travel bags that suit the needs of an active lifestyle.
Suppliers are using beadwork, embroidery, prints and other intricate details to make bags more visually appealing. Another way of creating a unique look is through the combination of two or more materials in a single model. For fashion bags, many makers are opting for bamboo, water hyacinth and other sustainable materials amid the growing popularity of environment-friendly products.
“Vietnam fashion bags made of water hyacinth, seagrass and genuine leather are becoming more popular in the international market,” said Ly Nguyen, export consultant of the Hinrich Foundation. “When the EU-Vietnam Free Trade Agreement (FTA) takes effect, we expect an increase in shipments to the EU, which is one of Vietnam’s main export markets.”
To improve functionality, handbags are fitted with adjustable and detachable straps that allow these to be converted into cross-body bags or backpacks. Multiple compartments and pockets for holding mobile devices, valuables and other accessories are also a common feature in the latest releases.
Suppliers and products
For almost three decades now, Anh Linh Handicraft Export Co. in Ho Chi Minh City has been offering handmade fashion handbags. The company’s selection includes embroidered silk handbags with rattan handles. Models made of rattan, water hyacinth and seagrass and embellished with seashells, stones, beads or embroidery are also among its product offerings.
Oriental Star, which was established in 2001, offers several fashion bags with mother-of-pearl exteriors and buffalo horn handles. The Hanoi-based supplier’s selection also includes models made of bamboo, seagrass, jute and rattan. Fabric bags embellished with beading and embroidery are also available from the company.
A supplier of business bags, Thai Duong Co. Ltd has been in operation since 1993. The selection of this Ho Chi Minh City-based company includes models with full-grain leather exteriors and soft leather lining. Several designs can house a standard 13-inch laptop and multiple pockets provide storage for accessories.
The report further shows:
– Vietnam’s exports of handbags, purses, suitcases, headgear and umbrellas reached almost $1.7 billion in the first half of 2017, up 4 percent from the same period the previous year, according to data from the General Department of Customs, Ministry of Finance of Vietnam.
– The US is the largest single-country importer of the products. During the first six months of 2017, items shipped to this market accounted for over 40 percent to the export value.
– The most recent statistics from the DESA/UNSD, United Nations Comtrade database, indicate models with plastic or textile exteriors account for the majority of Vietnam’s overseas sales of trunks, handbags, suitcases, camera cases and similar products.
Vietnam Sourcing Report: Bags 2017 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.
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 evaluate reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes.