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Advantages of sourcing in Vietnam
Competitive pricing
Vietnam's lower labor and production costs make it an attractive choice for businesses to reduce expenses while maintaining competitiveness
Favorable trade agreements
Vietnam's participation in agreements like the CPTPP and EVFTA facilitates trade and offers preferential access to major market
Diversified manufacturing base
Vietnam's manufacturing sector spans various industries, including electronics, textiles, furniture, footwear, and agricultural products, offering businesses flexibility in sourcing
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Opportunities & strategies, sourcing in Vietnam
Vietnam has emerged as a pivotal destination for businesses seeking cost-effective and high-quality manufacturing solutions. With its competitive pricing, young labor force, and good trade agreements, Vietnam offers a compelling environment for sourcing a wide range of products.
Strategies for success when sourcing in Vietnam
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Partner with experts
Engaging with reliable sourcing platforms like Sourcy to navigate operations
Diversify supplier networks
Source from multiple regions within Vietnam and explore various products
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Leverage technology
Utilise automation to figure out trends and products to reduce sourcing risks
