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Vietnam Sourcing Report: Bags Gives Volume Global Buyers More Sourcing Opportunities from Quality Vietnam Suppliers


Makers use natural and manmade materials for traditional influences and modern styles of fashion and travel bags, and business and special-purpose handbags.

Ho Chi Minh City, Vietnam, June 24, 2010 --(PR.com)-- To help quality-conscious global buyers source more efficiently from quality Vietnam bags suppliers, the non-profit Kearny Alliance (http://www.kearnyalliance.org) has released the Vietnam Sourcing Report: Bags (http://www.chinasourcingreports.com/csr/vietnam-bags) with the support of its partner in development, Global Sources (http://www.globalsources.com).

The report features profiles of 34 experienced export manufacturers, plus descriptions, prices and packaging details for more than 120 popular export products. These include handbags, wallets, backpacks and shopping bags.

Unique styles feature man-made and natural materials
“Bags from Vietnam are unique, and many styles are competitive with other supply markets worldwide,” said Khiem Vu, manager of the Developing Country Export Assistance Program. “Makers tend to employ different, locally-sourced materials to offer a variety of designs in an array of hand-made styles and embellishments.

“For instance, most suppliers use silk, cotton, bamboo, rattan, or sea grass for fashion bags and further decorate them through traditional embroidery, beadwork, horn or mother-of-pearl.”

One maker featured in the report, Vo My Huong, general director of Hoang Viet, said: “With nearly 15 years of experience of making laptop, luggage and children bags for US and Asia markets, we are confident that our products can attract new buyers through our design, order flexibility and innovation.

“We also thank the Kearny Alliance and Global Sources for offering this excellent marketing service. We are looking forward to establishing new, long-term business relationships with buyers.”

Survey results show makers target EU; highlight product and price trends
“As our report survey shows, nearly all interviewed suppliers expect their export sales to increase by at least 10 percent over the next 12 months to key overseas markets such as the EU and the US,” Vu said.

“Based on their current buyers’ OEM specifications, majority of the suppliers are focusing on producing items that depict more colorful patterns and eco-friendly materials.”

The survey of Vietnam manufacturers of bags featured in the report shows:
* 56 percent of makers will increase export quotes for the next year;
* 80 percent of them will cautiously raise quotes no more than 5 percent
* Most will target the EU market; and,
* Export prices range from less than 30 cents to above $20, depending on type of bag and design complexity.

Special-purpose and fashion bags are top exports among suppliers, accounting for more than 90 percent of total shipments altogether. Total capacity of featured suppliers is 6.95 million pieces a month, of which exports account for more than 60 percent.

When asked about the most critical challenge facing the sector, nearly half of the suppliers noted labor cost.

Sourcing Reports for India, Vietnam, Cambodia, the Philippines and Indonesia
The Vietnam Sourcing Report: Bags is one of a series of Emerging Market Sourcing Reports. Free previews and ordering information to purchase online for immediate download is available at http://www.chinasourcingreports.com/csr/vietnam-bags.

Other Sourcing Reports available online are:
* Vietnam: Baby & Children’s Toys & Garments, Footwear, Ceramic & Porcelain, Garments, Home Decor, Fashion Accessories, Lawn & Garden, Lacquer ware, Indoor & Outdoor Furniture
* India: Ceramics, Craft & Promotional Gifts, Glass & Metal Tableware, Fashion Accessories, Garments, Craft & Promotional Gifts
* Cambodia: Silk Fashion Accessories
* PhilippinES: Home & Garden Decor, Fashion Jewelry, Christmas Decorations, Indoor & Outdoor Furniture
* Indonesia: Indoor & Outdoor Furniture, Footwear
* Southeast Asia: Indoor & Outdoor Furniture

The next Sourcing Report to be published will be Vietnam Sourcing Report: Craft Gifts and will be available to purchase online at http://www.kearnyalliance.org/sourcingreports.

About The Kearny Alliance
The Kearny Alliance (http://www.kearnyalliance.org), a US nonprofit foundation, partners with other international organizations to further its mission of ‘Aid through Trade’, to advance international development and poverty alleviation through trade-related business, education, training and applied research.

Key programmatic areas include:
* Livelihood development at the grassroots level: Through the social enterprise Export Service Centre (http://www.ExportServiceCentre.com) in Indonesia and Cambodia, the Kearny Alliance assists small producers who do not have the capacity to export direct to participate in the global economy. It estimates that in 2009 it created more than 3,800 jobs.
* Job creation for small & medium producers: Through the Developing Country Export Assistance Program (http://kearnyalliance.org/sourcingreports), the Kearny Alliance connects smaller exporters in developing Asia with buyers worldwide. Surveys of beneficiaries show that suppliers have received $440,000 in export orders, and they expect more than $5,000,000 to develop in 2010.
* Education & skills development: The Kearny Alliance offers stipend support for students from Myanmar, Cambodia, Vietnam and mainland China to study in Hong Kong and the US. The dozens of Kearny Alliance Scholars receive internships and on-the-job training in export-related companies and organizations in 10 countries.
* Trade policy research: One major initiative is The Kearny Alliance – Arizona State University forums on China, trade and the world economic order (http://wpcarey.asu.edu/kearnytrade). At this high-level series of interlinked meetings – held in Phoenix and Beijing, culminating in an Online Forum in 2010 – policy makers, business leaders, and academics explore potential solutions to issues and challenges that will be mutually beneficial to China-US trade relations.

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Contact Information
Global Sources
Elaine Chan
(852) 2555-5021
Contact
http://www.globalsources.com

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