Vietnam Procurement: Productive Option for Business Organizations

Information to Procurement • Acquisition of goods, services or works from external source or country is called Procurement. • Goods or services are procured at best possible cost and meets the requirements of buyers in terms of both quality and quantity.

Why Procurement is Important for an Organization? • For any organization the prime concern is to minimize operational cost and maximize profit from current business. • In order to achieve that procurement from low cost countries is an effective and most preferred option for the business owners of different parts of the world.

Why Vietnam Procurement?

• Vietnam is one of emerging markets of the world and has low cost skilled labor.

• With low cost labor a business can save decent amount of money in order to manufacture goods.

• The manufactured goods poses qualities and meets requirements of users

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