Export Business Opportunities In Vietnam
Nowadays few people know this is a country, which suffered terribly from the war what reminds of the wilderness and ruin. Despite the painful history, Vietnam export products today conquer the world and bring money to Vietnam trough export.
For over 40 years, the country had swallowed its pains and boosted its raise from a rubble to gradually form and flourish in every sector. Today this south-east Asian country has stronger and stable agriculture than ever before.
Nowadays, Vietnam offers enormous export opportunities for local entrepreneurs, who want to start exporting business. And not only for local people, export-import opportunities in Vietnam are available also for foreigners
If you want to start your own export/import business and you want to know what Vietnam Exports and what are some of the best business opportunities in Vietnam. Then the answers and business opportunities will arise mainly from the agricultural and its close sectors.
Today, Vietnam is proud of being a country of excellence in export and import. The year 2017 Vietnam also established a new record of import and export when the total flow of exports exceeded 400 billion dollars.
No matter you are local Vietnamese and looking to start your own export-import business in Vietnam. Or you are a foreigner, looking at the export-import business opportunities in Vietnam.
This article will give you a list of some of the most promising export-import opportunities and ideas in Vietnam nowadays.
Below is the list of (4) most exported products by Vietnam- all those products and their sub-categories offer great export-import business opportunities.
Vietnam- a country with a huge export potential
1. Vietnamese coffee- great export/import opportunity
In 1857, coffee trees were planted by Catholics in Vietnam. They were first planted in some churches in Ha Nam and Quang Binh. North Central. Since then the area of coffee has been expanded.
Coming to Vietnam, coffee is one of the most popular and widely exported products with the special taste stands for the deep of culture and people leisure. Drinking coffee in the morning is the habit of local people. Vietnam is the second country export coffee in the world, really “a real competitor of Brazil coffee industry”.
So, Vietnamese coffee indeed is a great export-import opportunity
2. Textile & garment-traditional Vietnamese export products
As the graph shows, Vietnam is the biggest supplier of textile and apparels for US. There is no doubt, that this presents great export import opportunities for both Vietnamese exporters and foreign importers.
Recent years, along with the development of the mass media, the need to be improved in appearance has been increasing strongly. Many fashion trends are constantly improving to appropriate the tastes of users.
In addition, Vietnamese textiles and garments make an important milestone when it exports garments to the Chinese market for the first time, worth about $ 1 billion.
3. Phone & electronic components-Highly profitable export products
Phone and electronic components sector in Vietnam offers both: export-import opportunities and also investment opportunities.
November 6th, 2014, Laird Global Technology Company (UK) officially inaugurated its first factory in Vietnam. This factory is located in Bac Ninh, the capital of Vietnam electric factories with a series of electronic components factories and two large scale mobile phone factories: Samsung and Nokia.
Vietnam’s electronic components are quite diverse, ranging from basic components to complex, high value components with the participation of FDI and joint ventures domestic industry.Exporters and importers can trade smartphone cases, batteries, screens, and accessories. There are plenty of export and import opportunities in Vietnam electronic sectors.
However, dealing with electronics and batteries, you as an exporter, need to be aware of the possible risk those items can cause.
4.Vietnamese rice- the pearls of the land
Vietnam has been a supplier of rice from the ancient times. Rice was and remains a great export import opportunity for local entrepreneurs and also foreign importers.
It is so because Vietnam has a lot of advantages in growing and developing agricultural crops, particularly rice.
Vietnam is a country with a tropical monsoon climate and fertile soil- very suitable for rice.
Rice is also the main foods in Vietnamese and Asian meals.
Rice is the regular food of more than half of the world’s people and provides more than 20% of the total daily energy of humanity. For more than 2 billion people in Asia, rice provides 60 to 70% of calories.
What’s next? determine the best products for you
Previously described opportunities – products and their great export and import opportunities in Vietnam, there is no doubt. But having a list of great opportunities is not enough.
You need to go deeper and determine the best product(s) for you.
Best product for you must meet the 2 most important criteria:
- It must be suitable and well fit for you
- It must offer sufficient profit margin for you
I have the product now, how I can start exporting?
If you have selected the product(s), what you want to export or import and you really want to get started, then the first things you need are knowledge and step by step instructions for getting started in export import.
You need practical know-how, from someone, who is already in this business and has experiences and know-how. Also, you need a practical step by step plan, what you can follow, to become successful. This will help you save money and time and avoid possible costly mistakes.
For getting started and making your next step, we would suggest reading more practical articles from our export-import business blog and enroll in our Website :- https://www.b2bexportimportacademy.com/
B2B Export-Import Academy Pune provide knowledge, training and service for setting-up entire Export Import platform. For further info,
visit us at B2B Export Import Academy.
