Vietnam
Source from Vietnam's apparel and electronics base.
Vietnam has emerged as Asia's fastest-growing manufacturing destination, attracting significant FDI from Samsung, Intel, Nike, and major apparel brands seeking lower-cost alternatives to China. Its young workforce, improving infrastructure, and extensive free-trade agreements make it a strategic production base for electronics, garments, and footwear.
Top trading sectors in Vietnam
Sourcing advantages in Vietnam
- Highly competitive labour costs with a young, trainable industrial workforce
- CPTPP and EVFTA membership providing preferential access to 50+ markets
- Rapidly improving seaport and industrial park infrastructure
Trade & compliance notes
Certificate of Origin (CO) from VCCI is required to claim FTA preferences; Form D for ASEAN, Form EUR.1 for EU; factory audit and compliance programmes are standard for Western buyers.
Frequently asked questions
Why is Vietnam a leading China-plus-one manufacturing base?
Competitive labour costs, a young trainable workforce, and major FDI from Samsung, Intel, Nike, and Apple contract makers have made it Asia's fastest-growing production hub. Membership in the CPTPP and EVFTA gives qualifying goods preferential access to over 50 markets.
What documentation is needed to claim FTA tariff benefits from Vietnam?
Exporters obtain a Certificate of Origin from VCCI, using Form D for ASEAN trade and EUR.1 for the EU under EVFTA, and buyers must ensure the rules-of-origin thresholds are met. Western brands typically also require SMETA or WRAP social-compliance audits.
Which regions of Vietnam host the main industrial clusters?
Electronics assembly concentrates in the northern provinces of Bac Ninh, Thai Nguyen, and Hai Phong, while garments, footwear, and furniture cluster around Ho Chi Minh City and the southern Binh Duong and Dong Nai provinces. Hai Phong and Cat Lai are the key seaports.