In recent years big brands and retailers have been scrambling to find suppliers in many different Asian countries. In our recent blog “Vietnam, the new China?”, we discuss how Vietnam’s rapid growth is making the country a target for many buyers. In this blog, however, we’re going to highlight the Top 3 sourcing channels to find suppliers in Vietnam. Before the reading, you may want to explore the advantages and challenges in sourcing from Vietnam in our blog “Sourcing from Vietnam: Pros and Cons”.
1. B2B Platforms in Vietnam
Online sourcing platforms are one of the quickest and easiest ways to access numerous suppliers all over the world. China has benefited greatly from these platforms for more than a decade, connecting new buyers to the manufacturing industry. Vietnam has similar potential and listed here are a couple of those platforms to consider trying.
Vietnam & Asia B2B Marketplace
A free and easy-to-use website(www.acevn.com), suppliers from nearly every industry can be found here. You can search for suppliers or post the RFQs (Request for Quotation).
NOCNDEAL
With a somewhat tongue-in-cheek name, this site hopes to tap into the frustration felt by many from sourcing from China.
Benefits of Using B2B Platforms:
- Access multiple suppliers at once.
- Post RFQs and compare offers on most platforms.
- Use some platforms for free(ideal for small to medium-sized businesses).
2. Vietnam Trade Shows
Trade shows have always played a large role in connecting buyers to suppliers. And the current visa policies in Vietnam are among the most relaxed in the world. Foreigners from most countries can enter with visas upon arrival, and proof of vaccination isn’t required. With major trade shows being canceled, a high turnout can be expected for Vietnamese Trade Shows. You can visit multiple websites, such as TradeFairDate, to view the lists of upcoming shows all over the world, including Vietnam.
Benefits of Attending Vietnam Trade Show:
By attending the trade show, you can:
- Meet the suppliers directly and assess their capabilities.
- Connect with multiple suppliers on one trip.
- Get the latest information on market trends and new products.
3. Online Supplier Directories for Vietnam
Many of these are good for finding suppliers and posting RFQs. To find reliable manufacturers and suppliers in Vietnam, here are two popular Vietnam sites, but there are many more.
www.eworldtrade.com
With over 500,000 registered users, eworldtrade.com is a great platform for connecting with suppliers worldwide.
VIETFACTORY
VIETFACTORY gives its users access to 50,000 manufacturers. Like eworldtrade.com, it is free and provides free content to help you learn about the industry.
How to Ensure the Reliability of Suppliers in Vietnam?
Once you’ve compiled a list of potential suppliers you are interested in working with, the next step is to better investigate these suppliers before sending over a large investment. And luckily there are many types of Supplier Evaluations, such as Factory Audits and Social Audits, that can uncover many specific concerns you might have.
For more information on our quality control services in Vietnam, you can connect with us at vietnam@v-trust.com. We’ll help ensure a smooth and successful sourcing experience.
Related Articles:
Sourcing from Vietnam: Pros and Cons
Vietnam and European Union Free Trade Agreement
Differences in Business Mentality between China and Vietnam
Best sourcing destinations: Vietnam or China?
5 Practical Tips on How to Source Furniture from Vietnam
A SWOT Analysis of Wood Furniture in Vietnam
Vietnamese New Year and Chinese New Year: difference and similarities
Industry Geography of Vietnamese - developing supplier network
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