Global Trade Initiatives, an international sourcing and manufacturing company, has announced the launch of its new Vietnamese sourcing company: ‘Sourcing in Vietnam’.
‘Sourcing in Vietnam’, has been set up to cater to foreign businesses looking to manufacture products in Vietnam. The company is promoting manufacturing in Vietnam; a country that many times is overlooked in favour of China and other Asian countries.
‘Sourcing in Vietnam’ is headed by Mr. James Snee as Managing Director. Mr. Snee brings in eight years of local experience and knowledge from sourcing and quality control in Vietnam. He said: “Vietnam’s future as a global leader in manufacturing is very bright. Despite the current global economic crisis and competition from other countries, Vietnam’s exports will still grow into 2009 and beyond. The World Bank has predicted that even though Vietnamese GDP will slow slightly, it will still grow by 6.5% in 2009, compared to the US, -0.5% and the Eurozone, -0.6%. ‘Sourcing in Vietnam’ is committed to the Vietnamese market in the long term and will continue to promote the opportunity for growth by investing in local companies and their products.”
Products made in Vietnam are found in increasing numbers around the world as the demand for quality keeps growing. To help meet the demand, ‘Sourcing in Vietnam' aims to provide value to wholesalers and retailers who have limited opportunity and direct exposure to existing suppliers.
Commonly called “China plus one”, Vietnam is currently getting a competitive edge over China, especially in regards to textiles and clothing, according to a report by Textiles Intelligence. China's drop in competitiveness stems from mounting costs on several fronts. Apart from higher costs of energy and raw materials -- which manufacturers face all over the world -- Chinese textile mills face greater costs in having to comply with growing environmental legislation. At the same time, Chinese apparel factories have to cope with new regulations on working conditions. Also, Vietnam is able to benefit from lower labour costs compared to China.
Sourcing in Vietnam, who’s clients include Pokerstars, Intel, Microsoft and Diageo, is now open for trade and requests can be made on its website.
About Sourcing in Vietnam
Sourcing in Vietnam (sourcinginvietnam.com) is a trading and sourcing company. Headquartered in Ho Chi Minh City, Vietnam, the company is lead by a team of accomplished professionals who possess over 20 years of combined Asian expertise. Sourcing in Vietnam has been facilitating global trade for 8 years. In Vietnam it has over 10 team members, and has over the last years served many international and local customers alike. Sourcing in Vietnam has a website that allows customers to send a sourcing request.
About Global Trade Initiatives
Global Trade Initiatives (GTI Global) is a sourcing and manufacturing company that was founded in 2001 by James Snee. Its list of satisfied clients includes Pokerstars, Intel, Microsoft and Diageo.