The Bag Industry of Vietnam: Low Cost, High Quality Product Sourcing
The abundance of natural materials like bamboo, rattan, water hyacinth and seagrass has helped develop the handicraft industry in Vietnam. This thriving industry is supported by artisans from over 3,000 villages across the country. These handicraft artisans has directly contributed to the development of the present day Bag Industry in Vietnam. Handicrafts are among the many products which business owners, especially from developed nations, prefer importing from Vietnam, rather than manufacture locally. The country’s rich heritage of craftsmanship has a lot to do with it. Sophisticated manufacturing processes, that increase efficiencies, while manage to keep production costs low, have revolutionized the bag industry in Vietnam. Yet, to stay afloat in the highly competitive market and to encourage sourcing from Vietnam, the quality of products is not compromised with. In fact, since Vietnamese handicrafts are invariably destined for the international market, most factory owners ensure that their products conform to the standards. For investors operating manufacturing facilities in China, the Bag Industry in Vietnam also serves as a viable alternative. The competitive advantages include:
Great flexibility capability
Huge pool of employable artisans
Bags manufactured in Vietnam portray a superior level of craftsmanship
Small orders (MOQ) accepted without levy of additional charges
While a number of international brands have already established their production units in Vietnam, many others are considering Vietnam as their ‘China Plus One’ business strategy for alternative low cost manufacturing in Asia.