Trades & Market
What’s So Good About Vietnam Manufacturers?
Manufacturing in Vietnam makes up around a third of the country's GDP and 85% of Vietnam's merchandise exports, so it is no surprise that more and more companies are looking to the country as the following prime location for manufacturing alongside China to produce the highest quality clothes and products. Vietnamese manufacturing also has much room for growth, another reason sourcing from such a market is a significant investment.
Advantages of Working with factories in Vietnam
Lower Prices and Higher Quality
Vietnamese clothing manufacturers pride themselves on having one of the cheapest rates over many other countries for fabrics, clothing, and other resources without compromising on the quality of their items.
The advantage and main incentive of this are that companies can produce much more in their supply chain while cutting costs. In turn, the quality of clothing when manufacturing in Vietnam is among the top 10% in the world; this helps companies keep customers happy with the outcome of their desired products but also helps to build a good brand reputation.
Better Lead Time
When choosing a manufacturer, lead time is a huge factor for companies to consider before investing. Vietnam manufacturers have a catalog of exceedingly skilled workers, which helps put lead times for the production of products at a very high rate. Alongside this, workers have excellent skills to get the best quality materials as soon as they hit the market, cutting lead time even more.
The typical rate of production in Vietnam for clothing goes as follows:
•3-5 days for quotations.
•7-10 days for sample development and testing.
•10-12 weeks for bulk manufacturing.
However, if your order quantity is less, this timeline can be shorter.
Contact VICO Logistics today and let us guide you on setting up factories in Vietnam!
Raw Materials
The presence of vast and crucial raw materials is a great attraction point for Vietnamese manufacturing. Vietnam's beauty and climate make it home to many rubber trees and thus making the country one of the top producers of natural rubber. Alongside this, Vietnam also boasts the world's third largest bauxite ore reserves, a key element in making Aluminium. To summarise, quality and accessible raw materials call for even better quality products. Overall, something which China cannot even compete with.
What can Vietnam Clothing Manufacturers Produce?
Factories in Vietnam are home to producing a multitude of different clothing products, making it an excellent hub for companies, whatever they wish to have. As stated below are just a few of the many clothing types Vietnamese manufacturers have;
•Sportswear and Gym Products- not limited to T-shirts, hoodies, joggers, socks, yoga apparel, and gym gloves.
•Footwear- including flip-flops, sandals, luxury leather footwear, sneakers, and boots.
•Bags and Backpacks- Smaller companies can reap the benefits of ordering in Vietnam compared to China regarding the production of bags. Many of the world's most well-known bag brands, such as Prada and The North Face, are made in Vietnam.
Import duty and Shipping Costs when manufacturing in Vietnam
Prices can vary between situations and depending on your company's order quantity. However, involving a third-party company such as a freight forwarder will result in a price that includes:
•Picking up goods in Vietnam
•The movement to a shipping vessel
•Shipping insurance
•Goods movement into the USA, if applicable
•Delivering goods to your warehouse
Furthermore, choosing a freight forwarder such as VICO Logistics to help with import duty and shipping costs can mean you can obtain a quote within 24hrs.
To conclude, Vietnam has many advantageous traits when it comes to the manufacturing of goods and clothing. Not only does the country boast excellent access to high-quality raw materials but also the advantage of low-price manufacturing without compromise on quality. In addition, fast lead times can put many companies at the top of their game by satisfying consumers and helping to build brand reputation.
Contact VICO Logistics today for a quote!
