4 Factors to Consider When Relocating Your Production
By Pritesh Samuel Vietnam is experiencing continued and unprecedented […]
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With increasing geopolitical risk associated with sourcing from China and a general desire to diversify supply-chains with a China + 1 strategy, Vietnam continues to be a leading market for global apparel brands, both large and small.
While Vietnam is an attractive market for many US importers, it is critical to understand that Vietnam has a unique business culture, and any successful effort to establish and manage supply-chains in Vietnam can differ greatly from approaches used in China. With decades of experience in the region and support on the ground in Vietnam, The ABC Group differentiates clients in an otherwise crowded marketplace and drastically reduces supplier qualification and onboarding times.
Vietnam is the third-largest garment exporting nation exporting to 180 nations.
Vietnam exports nearly $50 billion in textiles and garments annually.
Apparel accounts for nearly 20% of all of Vietnam’s exports.
U.S. is the largest export market for Vietnam textiles and garments.
Close proximity to China, Japan and Korea for access to a wide array of fabrics.
Garment capacity is growing by 14% annually.
Our leadership team on both continents has years of invaluable experience – on-the-ground in both the U.S. and Vietnamese markets – that just can’t be replicated without having invested the time in truly cultivating it.
By leveraging our deep knowledge and seasoned personnel, we help customers achieve optimal results in sourcing from and exporting to Vietnam.