Vietnam the Fastest Growing
Market in SE Asia
Now that the world is getting back to semi-normality, Vietnam's GDP is back to growing at 6.7% annually.
With a large pool of young first time buyers who are keen to buy good quality international products online, Vietnam is most definitely the market every serious retailer and manufacturer need to look at in 2021.
VIETMARKETS 2021 CONSUMER GOODS EXPOS
VIETMARKETS 2021 INDUSTRY EXPO
OPEN NEW MARKETS IN VIETNAM - 'WITHOUT TRAVEL or RISK'
VietMarkets offers a totally new, low cost, guaranteed success, approach for International Manufacturers and Exporters in the COVID 19 era, to identify Agents, Importers, Distributors, Buyers, etc. in the 95 million strong, Vietnamese market place, that does not require you or any of your staff to travel to Vietnam to man your exposition stand.
- Can You Afford to Wait Another 18 Months to Join the Fastest Growing Market in S.E. Asia -
If you are unsure of the potential of your products in the Vietnamese Market Place
VIETMARKETS PRODUCT SOURCING IN VIETNAM
Thanks to China’s role in global manufacturing, most of what you own has a tag that says “Made in China.” But this is changing. China’s development from a third-world economy to the second largest economy in the world has shifted its role from manufacturing to becoming a service economy. This has resulted in rising costs in labor – which has increased the costs for businesses around the world. It also hasn’t helped that the US-China Trade War has increased the cost of business because of rising tariffs.
Vietnam today is quickly becoming the new hub for global manufacturing, thanks to its low labor cost, strategic location with regard to seaports, and its stable political landscape and economy.
Vietnam’s strategic location is also important. It shares a direct land border with China, so for international and Chinese businesses and their factories, the move isn’t as costly as moving an entire continent away.
E-COMMERCE / WAREHOUSING & FULFILMENT
GROW YOUR ECOMMERCE REACH
Around 44.8 million people, or nearly 50% of Vietnam's population, shopped online last year, according to the Vietnam ecommerce and Digital Economy Agency (iDEA)
To grow your e-commerce business into Vietnam, Vietmarkets offers to appoint a number of existing e-commerce retailers, who are selling products in similar categories as yours, to also sell your products on their sites.
This will naturally dramatically increase your sales in Vietnam very quickly.
WAREHOUSING & FULFILMENT
Vietnam is one of Asia’s fastest growing ecommerce markets, however most international retailers are finding it difficult to break into because of high international shipping costs to Vietnam from their respective countries, and the language barrier.
International E-commerce Retailers need a local Vietnamese Warehouse & Fulfilment Partner which can
dramatically reduce their freight & delivery costs.
WHY TARGET VIETNAM
Vietnam's economy grew by 2.8% during the world's worst pandemic for 100 years
Vietnam Ease of Doing Business World Ranking is 70, out of 190 countries and 8th in East Asia & Pacific
Vietnam is a signatory to the Comprehensive and Progressive Agreement for Trans Pacific Trade
Vietnam's imports have increased by 300% since 2010
Vietnam emerging middle class represents 13% of the population, equating to 12 million affluent consumers
Vietnam has the highest Human Capital Index amongst all middle income countries
Logistics are rated as High Performance
Stability of Government at National and State levels
Many Consumers are first time buyers of many products
Vietnam’s household spending is projected to grow by a real rate of 9.6% year-on-year over 2021,
Vietnamese Consumers are happy to pay extra for quality international products
New supermarkets are opening every day in major cities
Population nearing 100 million consumers
More than 29 million young affluent Gen Z-ers.
Vietnamese spend most of their incomes on food & consumer goods
Beverages & personal care goods have the highest growth rates in Vietnam
78% of Vietnamese support Brands that tend to protect the environment
Vietnam's e-commerce boom is undeniable with 35% growth per year - 2.5 times faster than Japan.
Nielsen states that the growth of Fast Moving Consumer Goods in Vietnam has surpassed China & India
In 2017, Vietnam’s healthcare expenditure was approximately US$16.1 billion and is projected to grow by US$22.7 billion by 2021.
** For the latest Vietnamese Economic Forecast for 2021 please Click Here