Vietnam fashion accessories and jewelry report highlights sustainable materials in mixed-media designs
Online report features bags, wallets, headwear, neckwear and fashion jewelry, plus a listing of 100 export suppliers
HO CHI MINH CITY, Vietnam – The Hinrich Foundation released Vietnam Sourcing Report: Fashion accessories & jewelry 2017 with the support of its partner in export development, Global Sources (NASDAQ: GSOL).
The online report includes a listing of 100 export suppliers and profiles bags, wallets, headwear, neckwear and fashion jewelry. 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 sustainable natural materials in mixed-media designs
The diversity of natural materials that can be found locally places Vietnam suppliers of fashion accessories and jewelry at an advantage. Makers are combining domestically sourced sustainable materials such as bamboo or seagrass with other natural or synthetic inputs to produce unique designs.
Handwoven bamboo, seagrass or rattan bags, for instance, feature handles or straps made of genuine or synthetic leather. Bags with leather or mother-of-pearl exteriors can have buffalo horn handles. Fashion jewelry echoes the trend for mixed-media designs, with suppliers pairing buffalo horn with mother-of-pearl beads in chain bracelets.
Manufacturers of bags, wallets, headwear and neckwear are also using embroidery, sequins, beadwork and other embellishments to differentiate their products. In fashion jewelry, makers of chain bracelets and necklaces are combining beads of different shapes, sizes and colors.
“The most popular export products of Vietnam’s fashion accessories and jewelry sector are those made with natural materials,” said Ly Nguyen, export consultant of the Hinrich Foundation. “Vietnam suppliers are investing more in developing new designs and improving production techniques to enhance their competitiveness. They are upgrading manufacturing equipment such as sewing machines, printing machines and laser cutting machines.”
Suppliers and products
Established in 2000, Quang Phu IE Co. Ltd offers handbags that combine fabric bodies with rattan handles and bases. Beads of various colors accentuate the top portion of each bag.
The selection of the Ho Chi Minh City-based supplier also includes bags made of seagrass and palm leaves.
Another Ho Chi Minh City-based supplier, Artex Gobelins, offers embroidered evening bags and coin purses with copper frames. The company has been in operation since 1982.
Saigon Jewel and Accessories Co. Ltd, also located in Ho Chi Minh City, uses cow or buffalo horn to produce lacquered bracelets, necklaces, pendants, rings and earrings. Established in 2009, the company also offers gemstone jewelry and leather bags.
The report further shows:
– In the first six months of 2017, Vietnam exported $1.7 billion worth of handbags, purses, suitcases, headgear and umbrellas, an increase of 4 percent from the same period in 2016, according to data from the General Department of Customs, Ministry of Finance of Vietnam.
– The United States was the top market for the products during the period, accounting for about $676.6 million or 41 percent of the export value. The other major markets were Japan, the Netherlands, Germany and China, which imported a total of $488.7 million.
– Products for export comply with internationally recognized guidelines such as those of the EU’s Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).
Vietnam Sourcing Report: Fashion accessories & jewelry 2017 is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed viewed 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.