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Find and Work with Suppliers in Vietnam

Find top suppliers in Vietnam across all industries, reduce costs, and simplify your sourcing
Capital
Hanoi
Official Language
Vietnamese
Currency
Vietnamese đồng
Ethnicity
Predominantly Kinh (Viet) (around 85%)
Tay, Thai, Muong, Khmer, and others
Time Zone
GMT+7

Strengths of Soucing from Vietnam

Affordable Labor Costs

Vietnam's labor costs are significantly lower than in neighboring countries, with wages about half of China’s. This allows brands to reduce production costs while maintaining quality, making Vietnam a cost-effective sourcing destination.

Skilled Workforce

Vietnam has a highly skilled labor force, particularly in textiles, electronics, and furniture. Many workers have years of experience in manufacturing and quality control, ensuring that brands can source high-quality products efficiently.

Trade Agreements & Market Access

Vietnam has multiple free trade agreements (e.g., CPTPP, EVFTA, RCEP), reducing tariffs and improving access to global markets. These agreements make Vietnamese exports more competitive, benefiting businesses looking to expand internationally.

Strategic Location & Logistics

Vietnam’s strategic location near China and ASEAN markets enables faster, cost-effective shipping. Its well-connected ports (Hai Phong, Da Nang, Ho Chi Minh City) handle large export volumes, while ongoing infrastructure investments in roads, rail, and ports further enhance logistics efficiency for global trade.

Learn Vietnam's Key Export Categories and Regions

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Vietnam’s textile industry is one of the world’s largest, exporting approximately $40.3 billion in 2023. Known for its quality and affordability, Vietnam’s garment factories produce everything from sportswear to high fashion, making it a key global hub for apparel sourcing.
Key Regions
Ho Chi Minh City, Binh Duong, Dong Nai
Major Companies
Nike, Uniqlo, Lululemon
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Vietnam, the world's second-largest footwear exporter, reached $20.24 billion in exports in 2023. Its factories produce high-quality, durable shoes, making it a key hub for athletic and fashion brands.
Key Regions
Dong Nai, Ho Chi Minh City, Tay Ninh
Major Companies
Nike, Adidas, New Balance
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Vietnam’s electronics sector has rapidly expanded, especially in the northern provinces, becoming a key hub for components and finished products. In 2023, Vietnam’s top electronics exports reached $142 billion, solidifying its role in global supply chains.
Key Regions
Hanoi, Bac Ninh, Thai Nguyen
Major Companies
Samsung, LG, Panasonic
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Vietnam is a leading exporter of wooden and rattan furniture, with manufacturers known for sustainable practices and craftsmanship. The furniture industry has attracted global brands due to its eco-friendly materials and skilled artisans.
Key Regions
Binh Duong, Dong Nai, Ho Chi Minh City
Major Companies
Ikea, Ashley Furniture
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Vietnam, the world’s second-largest coffee exporter, reached over $3 billion in exports in early 2024. With 90% of its production exported, experts believe its favorable climate and lower costs could help it surpass Brazil in the future.
Key Regions
Dak Lak, Lam Dong, Son La, Nghe An
Major Companies
Trung Nguyen Coffee, Royal Coffee, Highland Coffee

Vietnam vs. Other Sourcing Hubs

Factor
🇻🇳
Vietnam
🇨🇳
China
🇲🇽
Mexico
🇮🇳
India
Costs
$2.50 – $3.50
Lower labor costs than China, but increasing
$6.50 – $8.00
Rising wages and tariffs for US buyers
$4.80 – $6.50 
Moderate to high labor costs, but lower tariffs for US buyers
$1.50 – $2.50
Low labor costs, but higher logistics expenses
Supply Chain Stability
Developing infrastructure, reliance on imports for raw materials
Well-developed infrastructure, but trade tensions and restrictions add risk
Strong for USMCA-covered industries, resilient despite political changes
Fragmented supply chain, logistical inefficiencies
Shipping Times
Medium
(4-5 weeks for US buyers)
Longer
(3-6 weeks for US buyers)
Short
 (1-3 weeks for US buyers)
Long
(6+ weeks for US buyers)
Quality
Good for textiles, furniture, and mid-range electronics
High for electronics, textiles, and complex manufacturing
High for automotive, aerospace, and industrial goods
Good for textiles, jewelry, and handcrafted goods
Risks
Infrastructure limitations, labor shortages in some regions
Trade restrictions, rising costs, government regulations
Political changes, labor costs, infrastructure limitations in some areas
Bureaucracy, inconsistent quality control, and logistics challenges

Challenges & Risks

Heavy Reliance on China

01.

Vietnam’s textile and electronics industries rely on Chinese fabrics and components, limiting local alternatives and increasing supply chain risks.

02.

Vietnam has limited domestic supply and lacks large-scale production for many critical materials, making it heavily dependent on imports.

Supply Chain Vulnerabilities

01.

Geopolitical tensions and trade restrictions can disrupt shipments and raise costs.

02.

Raw material price fluctuations impact production expenses, especially for steel, cotton, and plastics.

Increasing Labor  and Manufacturing Costs

01.

Vietnam’s wages are rising annually, narrowing the gap with other low-cost manufacturing countries.

02.

Stricter labor and environmental regulations are adding to operational expenses.

Supply Chain & Infrastructure Expenses.

01.

Increasing fuel prices and port congestion drive up shipping and distribution costs.

02.

Industrial land prices and electricity rates continue to rise, increasing overhead costs for manufacturers.

Limited High-Tech Workforce

01.

Vietnam lacks a sufficient workforce in electronics, automation, and semiconductor industries, impacting high-tech manufacturing growth.

02.

Companies often import skilled labor from other countries, increasing operational costs and slowing local talent development.

Gaps in Technical Education & Training

01.

Many workers lack advanced skills in engineering, robotics, and AI, creating a mismatch between industry needs and available labor.

02.

Businesses are investing in in-house training to develop local talent, but scaling these programs remains a challenge.

Trade Policies

FREETRADE
Free Trade Agreements (FTAs)
01.
Vietnam is a key member of RCEP, reducing trade barriers with ASEAN, China, Japan, and South Korea.
02.
Has bilateral and multilateral trade agreements, such as EVFTA and CPTPP, offering tariff reductions and investment incentives.
03.
Benefits from ASEAN FTAs, expanding trade partnerships with major economies like India, Japan, and South Korea.

Brands That Successfully Manufacture in Vietnam

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Uniqlo
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Vietnam is a key production hub for UNIQLO, leveraging skilled textile workers and cost-efficient manufacturing. The brand’s suppliers focus on high-quality, large-scale production to meet global demand.
Established
2010
Location
Ho Chi Minh City and Dong Nai Province

Key Statistics on Vietnam’s Manufacturing Boom

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Product Sourcing
How to Source Quality Products from Vietnam
Read blog

The Future of Vietnam Manufacturing

Strengthening Supply Chain Infrastructure
Vietnam is improving its roads, ports, and logistics to support growing exports. With new trade routes and smart manufacturing zones, the country is positioning itself as a more efficient and reliable sourcing destination.
Automation
As wages gradually rise, manufacturers are adopting automation and robotics to stay competitive. This shift helps maintain productivity while ensuring high-quality output, especially in electronics, textiles, and furniture manufacturing.
Increasing High-Tech Manufacturing
Vietnam is shifting from labor-intensive industries to high-tech sectors, attracting investments from Samsung, Qualcomm, Infineon, Amkor With growing electronics and semiconductor production, Vietnam is becoming a key player in global tech supply chains.
Expanding Sustainability Initiatives
The government and manufacturers are investing in renewable energy, eco-friendly materials, and green factories. Companies like LEGO are leading the way with carbon-neutral production, aligning with global sustainability trends.

Why choose SourceReady?

Criteria
Affordability
Breadth of Choice
Time Needed to Narrow Down Options
Vetted/Quality Suppliers
Amount of Data to Make Decisions
Product Development/Research Features
Ease of Supplier Communication
Supplier Diversity
Ease of Supplier Communication
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SourceReady
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High
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Extensive
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Low
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High
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Comprehensive
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High
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High
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High
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High
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Supplier Marketplaces
High-
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Extensive
High
Low+
Limited
Low
Moderate
Moderate
Low
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Customs Databases
High-
Moderate
Moderate
High-
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High
Low
Moderate
Low
Moderate
Trade Shows
High-
Moderate
Very High
Moderate
Moderate
Low
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High
Moderate
Moderate
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