Without any doubt Vietnam has become a major success story in terms of goods export over the last 10 years, from $57.1 billion to $264.1 worth of exports in 2019. That’s almost a 5 times increase and it may only be the beginning!

In a previous article, we’ve shared some tips on how to choose good inspection companies in China.

After selecting a good QC partner, how to make sure that the inspection company you’ve chosen will fully understand your product and your QC criteria? What information do buyers need to send to the inspection companies?

Did you ever imagine that your business partner who you have contacted for a long time can turn out to be an email hacker that wants to steal your payment?

We would like to share a story about exposing a hacker, which happened recently to one of our clients (overseas buyer), his Chinese supplier and us, V-Trust. This story has a happy ending, since we helped the customer to reveal the hacker before the customer transferred a large-sum payment to him, and thus would like to keep you alert when settling payments for your overseas purchases.

With strict virus-preventive actions and quarantine measures in China already within a month, every element of the supply chain industry is trying its hardest to get back on track within the shortest time possible. Being a part of this is both thrilling and uneasy, but crucial for recovery.

As of today, when writing this article (5 March 2020), the COVID-19 outbreak has sickened over 80,000 in Mainland China and spread to over 79 countries. Let’s see how is the situation in Vietnam with some Q&A:

Chinese government has implemented effective measures to contain the spread of the CoVid-19 and these measures have already shown positive results as there has been lower increase rate of new cases outside Hubei province in the past two weeks.

Authorities from the Health Department have forecasted that the outbreak will peak sometime this month and will be over by April. With the outbreak now being under control as a result of the efforts Chinese government has made to reduce the impact of the CoVid-19 epidemic, importers worldwide are more optimistic and factories started to resume its operations with the majority of them at a slower pace, and some even at its full capacity.

As of today (Sep.2019), the US-China trade war is still ongoing very fiercely between the 2 super powers. Sourcing from South East Asia is not a new trend but the current situation is boosting the process to a new level for the whole region. Among this region, Vietnam appears as one of the big Winner of this turmoil. Last week Google announced it was probably moving production of its Pixel smartphone to Vietnam, Apple and Foxconn are considering doing the same, Samsung or LG already have factories in the country and Nike source over 50% of its products from there.

If it lacks on proper research, selecting a manufacturer to produce your products can be a time consuming and costly process. It can take years of trial and error to choose the right manufacturer to produce your quality products.

Here comes the last part of our article with this part 3. In the previous parts we had listed the best tradeshows and online platforms where you can find suppliers, we then gave practical tips to build your list of potential suppliers and assess them.

With this final article it’s now time to choose the ultimate supplier you will be working with!

This article takes around 6 minutes to read (≈ 1000 words). Looking forward to see you using the tips we are sharing below.