How much does it cost to set up a factory in Vietnam?
So total investment cost in Vietnam including 3 major things: Certificate/Licence, Land, Construction. For example, if a client is going to build a 1-hectare factory around Ha Noi the cost will be about 1.6 million to 2.3 million USD.
How do I start manufacturing in Vietnam?
There are three general requirements manufacturing companies need to fulfil:
- Register the environment impact assessment or the environmental protection plan (depending on the scale of the project)
- Obtain the certificate of land use.
- Obtain the construction permit.
How do you source manufacturers in Vietnam?
Beyond Alibaba, a few other websites focus specifically on Vietnam and are a great resource to find Vietnamese suppliers.
- Alibaba. …
- Vietnam Export. …
- Vietnam Manufacturers. …
- VTown.vn. …
- VietnamAZ. …
- VietnameseMade.com. …
- VCCI News. …
- Global Sources.
How much money do I need to start a business in Vietnam?
#2 Minimum capital requirement
A lot of businesses set capital of USD 10,000. However, from our experience, it is possible to open a business service company with USD 3,000. Note that there are some business lines with minimum capital requirements.
Is it cheaper to manufacture in China or Vietnam?
Vietnam’s main advantage over China is the low cost of the labor force. … While both countries have an abundant and young workforce, Vietnam is still the more cost-effective choice for manufacturers looking to lower their labor spending.
What is Vietnam’s biggest export?
Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent).
What is good Vietnam manufacturing?
But Vietnam’s manufacturing industry does boast a higher level of industry diversity than some other alternative sourcing destinations, such as Bangladesh and Cambodia. The country’s top exports include various types of machinery, garments and textiles, footwear and headwear, food and beverage and metals.
Is made in Vietnam good?
Vietnam is an excellent place to source products, assuming that your product can be made here. … If your product is made in Vietnam, it will likely be cheaper or of a higher quality than the same product from China. Many people are finding that products can be cheaper AND better in Vietnam.
What factories are in Vietnam?
FACTORIES IN THE NORTH
- Alliance One Apparel Co. Ltd.
- Unisoll Vina Co., Ltd.
- Viet Thanh Garment Trading Joint Stock Company.
- Ming Da Vietnam Clothing Co., Ltd.
- Pungkook Ben Tre One Member Co., Ltd.
- Unihwasin Vina Co., Ltd.
- Viet Vuong 3 Trading Company Limited.
- Jea-Must Vietnam Company Limited.
Is Vietnam a good manufacturing country?
The small nation to the south of China is rising in the manufacturing industry and quickly becoming one of the largest exporters of garments and textiles in the world. It’s considered a developing nation, but Vietnam is capable of high quality manufacturing while providing lower production costs at the same time.
Is there a Vietnamese Alibaba?
If you are looking for a supplier or manufacturer in Vietnam, then your first instinct is to check out Alibaba. Unfortunately, this is not a great resource as it’s not as active in Vietnam as it is in China. Fortunately, there are great Alibaba Alternatives in Vietnam that you can use.
How much does it cost to make clothes in Vietnam?
You are looking at an investment of $22,500 to make your goods. Two trips to Vietnam will cost you $6,000 USD. Your first visit will be for factory visit and development. Your second visit will be a month or two later for production.