Vietnam building materials suppliers expect significant sales growth in 2011; Over 70 percent to hold quotes to boost sales
New Vietnam Sourcing Report: Building Materials offers global buyers new collections of floor tiles, bricks, wall panels and doors from verified suppliers.
- (1888PressRelease) February 10, 2011 - HO CHI MINH - Vietnam's building materials suppliers are gearing up for robust sales growth in 2011 as overseas demand picks up. This is according to Vietnam Sourcing Report: Building Materials, released by the Kearny Alliance with the support of its partner in development, Global Sources.
To attract more buyers, 71 percent of makers plan to maintain export prices in the next six months. This will be aided by the domestic abundance of raw materials.
The Report covers profiles of 35 manufacturers, plus descriptions, prices and packaging details for 98 best-selling export products. These include tiles, bricks, doors, windows, paneling, framework, flooring and roofing.
"Vietnam's building materials suppliers are confident of seeing export sales increase by at least 10 percent over the next 12 months," said Khiem Vu, program manager of the Developing Country Export Assistance Program. "This is due mainly to the abundant supplies of stone, clay and wood for producing tiles, bricks, paneling and flooring.
"In fact, Vietnam is home to more than 2,000 stone and mineral quarries and a number of sustainable wood and bamboo plantations. This allows the local exporters to offer more competitive prices, compared to the rising cost in China."
Survey results outline supplier capacity, product developments, target market and more
"Total annual export sales of featured suppliers reach more than $66 million," Vu said. "They employ more than 8,000 full-time workers, and utilize more than 85 percent of capacity."
In addition to industry overview and prices forecasts, the Report offers survey results from featured suppliers. High-level results show:
* Tiles and bricks account for half of total output, while flooring takes up 30 percent;
* 40 percent will release more decorative designs with others relying on eco-friendly materials;
* 45 percent will target the Asia Pacific market; and,
* 25 percent who plan to raise quotes will keep increases to within five percent.
More sourcing opportunities for global buyers, more jobs created
"Our Sourcing Reports are important components of the Kearny Alliances' Developing Country Export Assistance Program," said Alexander Boome, Program director of the Kearny Alliance. "The aim of the program is to assist small- to mid-sized export manufacturers in Indonesia, Cambodia, Vietnam, India, Indonesia, and the Philippines to tap new export markets. As a result, suppliers can create sustainable jobs for more people.
"We can only succeed in our mission if we give buyers information on quality suppliers who understand their requirements. The suppliers we feature in Developing Country Sourcing Reports have rich export experience and are eager to work with new overseas buyers."
Sourcing Reports for Vietnam, India, Cambodia, the Philippines and Indonesia
The Vietnam Sourcing Report: Building Materials is one of a series of emerging market Sourcing Reports.
Other Sourcing Reports available online are:
* Bamboo & Rattanware, Wooden & Bamboo Furniture, Kitchenware, Bags, Baby & Children's Toys & Garments, Footwear, Ceramic & Porcelain, Garments, Home Decor, Fashion Accessories, Lawn & Garden, Lacquer ware, Indoor & Outdoor Furniture
* Ceramics, Craft & Promotional Gifts, Glass & Metal Tableware, Fashion Accessories, Garments
* Silk Fashion Accessories
* Home & Garden Decor, Fashion Jewelry, Christmas Decorations, Indoor & Outdoor Furniture
* Leather Products, Home Décor, Indoor & Outdoor Furniture, Footwear
* Indoor & Outdoor Furniture
About The Kearny Alliance
The Kearny Alliance, a US nonprofit 501 (c) (3) foundation, partners with other international organizations to further its mission of 'Aid through Trade', to advance international development and poverty alleviation through trade-related business, education, training and applied research.
Key programmatic areas include:
* Livelihood development at the grassroots level: Through the social enterprise Export Service Centre in Indonesia and Cambodia, the Kearny Alliance assists small producers who do not have the capacity to export direct to participate in the global economy. It estimates that in 2009 it created more than 3,800 jobs.
* Job creation for small & medium producers: Through the Developing Country Export Assistance Program, the Kearny Alliance connects smaller exporters in developing Asia with buyers worldwide. Surveys of beneficiaries show that suppliers have received $772,000 in export orders, and they expect more than $5,500,000 to develop in the next 12 months.
* Education & skills development: The Kearny Alliance offers stipend support for students from Myanmar, Cambodia, Vietnam and mainland China to study in Hong Kong and the US. The dozens of Kearny Alliance Scholars receive internships and on-the-job training in export-related companies and organizations in 10 countries.
* Trade policy research: One major initiative is The Future of US China Trade .Com, an online center for data, analysis, and insightful discussion on U.S. - China trade offering Forum Discussions, News & Analysis, Facts & Figures, Discussion Outcomes, Book reviews and Meet the Experts. This was developed from The Kearny Alliance - Arizona State University forums on China, trade and the world economic order high-level series of interlinked meetings - held in Phoenix and Beijing which explored potential solutions to issues and challenges of mutual benefit to China-US trade relations.