Vietnam Lacquerware Sourcing Report Emphasizes Products With Vivid-Colored Abstract Designs, Traditional Motifs

HO CHI MINH CITY, VIETNAM, October 22, 2015 (Newswire.com) - ​The Hinrich Foundation (http://www.hinrichfoundation.com) released the Vietnam Sourcing Report: Lacquerware (http://tinyurl.com/VNLacquerware) with the support of its partner in export development, Global Sources (NASDAQ: GSOL http://www.globalsources.com.)

The online report includes names and details of over 100 export suppliers and images of table and dinnerware, paintings, vases and boxes. The report also features industry information, new product features, price guides and export data. PDFs of each section are available to download for free online.

Flexible MOQ and foreign investment gives Vietnam lacquerware industry a boost
The lacquerware industry continues to receive investment from The British Council, the Spanish Government’s MDG Achievement Fund and the United Nations Industrial Development Organization. As part of this multi-player initiative, 4,800 households in North Vietnam will be trained to better plant, cultivate and harvest lacquer trees.

The report also notes:

– Overall exports increased by 10 percent during the first five months of 2015.

– Suppliers’ flexible MOQ encourages buyers’ orders.

“Vivid-colored abstract paintings similar to famous masterpieces are preferred by Europe markets. Monochrome items with hand-painted details on vases, table and dinnerware are in demand in Asia,” said Artex Saigon Sales Manager Linda Tran. “Alternative industrial paint and coating are made of cashew nut shell oil paint, making them unique and friendly to health and the environment. Lacquer solutions also contain cashew gum.”

These design trends will continue to be the focus of Vietnam suppliers over the next six months. The popular traditional motifs will include sacred animals such as the dragon. Pine, bamboo, chrysanthemums, apricot trees, the four seasons, clouds and pagodas will also be prevalent design themes.

Most suppliers depend on buyers’ designs. As a result, few makers focus on creating new styles.

Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodia and Indonesia
The Vietnam Sourcing Report: Lacquerware is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online at http://tinyurl.com/VietnamFashionAccessories.

Other related Sourcing Reports available online are:

– PHILIPPINES: Home décor, Furniture

– VIETNAM: Table & dinnerware, Home furnishings

– INDIA: Home décor, Table & dinnerware

– NEPAL: Home & garden décor

– MYANMAR: Home décor, Furniture

– CAMBODIA: Fashion accessories & garments

– INDONESIA: Furniture

Sourcing from Vietnam buyer’s guide
To help buyers new to Vietnam sourcing, the Foundation has prepared a guide that provides an overview of the industries and products available and main manufacturing centers. 

Buyers will also learn how to find and vet reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes at http://www.developingcountrysourcing.com/sourcing-vietnam/ .

About the Hinrich Foundation  
The Hinrich Foundation (http://www.hinrichfoundation.com) believes sustainable global trade promotes economic prosperity and peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas: 

– Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. We offer Hinrich Global Trade Leaders Scholarships (http://hinrichfoundation.com/trade-related-education) to students from Myanmar, Cambodia, Vietnam, Laos, India, China and the USA to study in Hong Kong, Thailand, the Philippines, Israel and the US. We give our scholars extended internships and career development opportunities in export related companies and organizations in ten countries.

– Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance (http://hinrichfoundation.com/trade-assistance/what-we-do/), the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.

– International trade policy research: The Hinrich Foundation believes that the health of the global economy and peace between nations depend on countries having productive trade relationships, which require open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.