All About the Bag Industry in Vietnam

Vietnam is a rich country in terms of culture, heritage and craftsmanship. It is believed that Vietnamese started handicraft artistic work way before the 15th century, and this is a hypothesis that can be accepted since more than 3,000 villages across Vietnam are directly involved in the tote bags Canada industry as handicraft artisans.

The current growth of the bag industry in the country is all due to the cultural history of the ‘communes’ and the major source of labor and expertise of the Vietnamese in terms of the bag manufacturing industry. They major in manufacturing processes such as weaving, sewing, and embroidery courtesy of technical skills and experience they possess. Most of the artisans are situated in rural areas mainly in the southern and northern regions of the country.

The Transformation And Advancement Of The Bag Industry In Vietnam

After World War II, the world was subjected to an industrial and technological boom, and these effects were also felt and embraced in Vietnam. As time went by, the bag industry started to follow this industrial revolution by implementing new methods to enhance the quality and production of the bags.

The modernization of the industry was mainly meant to create efficiency and lower the production cost of the bags. This was a great relief to the industry since after employing these sophisticated production processes, the industry thrives and flourishes day by day.

By embracing these technological advancements, Vietnam strategically placed itself in the global bags market by keeping up with the ever-growing competitive bag industry and enhancing the quality of the products.

This has made even bigger brands to invest in the industry. In fact, renowned brands such as Prada, Nike, Simone, and Adidas have already established different production plants in the country.

Fashion labels, on the other hand, have not been left behind. They have seized this opportunity to capitalize on the incredible craftsmanship of the Vietnamese. Among the popular fashion brands to infiltrate this thriving industry include Kate Spade, Michael, Gucci, and Kors.

What Bags Are Manufactured In Vietnam?

The most commonly manufactured bags include business bags, travel bags, fashion bags, and school backpacks. Custom tote bags are also widely produced in Vietnam.

Marketing Strategies Employed By The Bag Industry In Vietnam

When it comes to marketing, the industry has already formed trade organizations to market and brand the products both locally and internationally. The Vietnamese bag industry has set up the Vietnam Handicraft Exporters Association (VIETCRAFT) and the Vietnam Trade Promotion agency. These two bodies are solely meant to boost the sales of the bags and bargain better terms for the manufacturers and consumers. They play a key role in keeping the industry competitive in the world market.

Factors That Facilitate The Bag Industry To Remain Competitive

  • Availability of employable and skilled artisans
  • Availability of production materials locally (plant-based materials are grown locally)
  • Small purchases allowed without additional costs
  • Flexible designers and technicians that keep up with the trending world
  • Quality of the Vietnam-made bags

With the current state of the bag industry in Vietnam, we can say that the industry’s low-cost manufacturing and product sourcing solutions are effective. With this, Vietnam’s bag industry will continue to rise as one of the most competitive industries in the global market.

Are there Opportunities in Converting Waste into Energy in Vietnam?

As the years passed by, more and more wastes have been accumulated in many countries, and Vietnam is not an exception to this. It’s one of the many countries facing the usual waste management dilemma today.

However, Vietnam is also one of the countries that is striving hard to reach a solution to this global problem. In fact, it has even started some projects on renewable energy. Sadly though, only a few people know about it and most are not that interested.

Reports say that it is actually possible to turn waste into energy. But first, you should know how to collect your garbage and dispose of it properly for the processing of renewable energy. However, you do not have to worry about doing the manual work. As busy as you may be right now with your profession or education, you can still help collect wastes. You can avail of the dumpster rental Pekin IL and rely on their expert help.

Benefits of a dumpster rental service:

  • Hassle-free collecting of wastes.

You do not have to worry about doing the collection of wastes to be turned into a renewable energy. By hiring a dumpster rental service, you can just do your thing while they gather your waste materials for you.

  • Convenient waste disposal.

If you are worried about not having fully segregated your garbage in your place, then you can relax and rest easy. The dumpster rental service will do it for you. They take care of almost everything related to dumpster service. They can totally cater your needs.

  • Healthier environment.

With the garbage and other waste materials removed from your dwelling place, you can be sure that you are safe from all those disease-causing germs. As you may well know, garbage can carry this kind of germs. Getting rid of the garbage would also mean a healthier environment for you.

  • Risk-free garbage collection.

It is possible that your garbage and other waste materials may contain some harmful substances or chemicals that may cause infection and other diseases. When you avail of the dumpster services, you do not have to concern yourself about it. The service already knows the risks that they are facing with your garbage. As for you, you get to avoid coming across toxic chemicals from disposed batteries and other hazards. You may be in trouble when you mistakenly handle the same.

There are opportunities in converting waste into energy in Vietnam. The technology is currently being processed to provide due service to the public. To somehow contribute with the progress of such technology, it is important that you show support. Support may be shown in the collection of such garbage and waste materials to be used during experiments.

You should bear in mind though that you do not have to personally handle the garbage. You can hire some dumpster rental services to help you out in the collection and disposal of your waste materials. There are a lot of opportunities to convert waste energy not only in Vietnam but also in the whole world.

Cashless Economy: Vietnam’s Goal for 2020

In recent times, transactions have become cashless. Many countries all over the world are now using plastic cards, or more commonly known as credit/debit cards, as a way of paying for services and commodities. In relation to this, Vietnam is aiming that by 2020, they will be able to have a cashless economy with people using plastic cards (such as those created by CardLogic), digital banking, and digital payment apps.

However, realizing this goal seems to be a little bit far. In the current times, only a little over 30% of the citizens in Vietnam own a bank account. The government, however, is looking for ways to get people to use credit cards or debit cards in their monetary transactions.

The Increase of Bank Users Over the Years

Vietnam is one of the economies that use cash payments in most of their transactions. Many people, especially in the rural areas oftentimes use cash to pay for their necessities. However, the number of people who are using ATM, debit, and credit cards have been slowly increasing as of 2017. The government aims to have more banks and other payment methods implemented in the rural areas. In this way, people will find it more convenient to use cards when paying. Using credit cards, debit cards, and digital banking has its own perks. People will no longer have to worry about being robbed.  Their money is more secured when they are placed into their bank accounts. They can just swipe their cards and the amount deducted from their accounts are exactly the amount that they would be paying for.

Changing the Way People Think About Credit and Payment Cards

Most people think that credit cards are dangerous and are more prone to hacks. But credit cards are not that bad. Most of the time, carrying cash with you is more dangerous than paying with credit cards. Cash can be stolen and you can never get the stolen money back. However, for credit cards, you can stop robbers from using your credit or debit card by reporting and blocking it at your bank.

Plastic bank cards are now equipped with EMV (Europay, Mastercard, Visa) – standard chips. These chips will help ensure the security of your bank account as well as protect you from fraud. Banks were mandated to change old credit, debit, and ATM cards since 2016.  The EMV chips aim to reduce the risk for e-commerce in both the buyers and sellers side.

The period 2014-2015 saw a 13% increase in the use of payment cards. This was driven by new technologies, increased e-commerce transactions, a stronger income of the middle-class, and the lesser presence of banks in the rural areas.

Digital Banking

Aside from plastic cards, the Vietnamese government aims to use digital banking as one of the payment methods in the country. With the help of smartphones and the internet, people can now have access to their accounts online. They can send money, pay bills and shop without using cash or cards.

The government has tapped several payment service providers to make digital banking much easier for the Vietnamese. They have set several incentives such as bonus interest rates for account deposits as well as discounts on bills payment. Banks have also created mobile applications to make it easier for their bank account holders.

A cashless economy may still seem a little far-fetched for Vietnam. However, with the help of the government and the financial sectors, people from rural areas, as well as the younger generation, will be able to experience the convenience and security of a cashless economy.