How To Import Bedding From Vietnam [Beginner Guide In 2022]
Vietnam is one of the world’s leading textile exporters. It appears as a great alternative to China.
Many foreign traders have shown interest in Vietnamese textile products, such as beddings. So how to import bedding from Vietnam?
We will share a complete guide to trading in this country. Let’s join us!
The Origin
Textiles have been a part of Vietnamese culture for millennia. Vietnamese women have been weaving thread into stunning silk for centuries.
They employed basic tools, yet their products came with advanced technology and great value.
The Vietnamese textile industry flourished around 1958 in the northern areas and 1970 in the south.
The French built large factories at Nam Dinh, Hai Phong, and Hanoi to serve this sector.
The textile sector has been one of Vietnam’s most important industries. The skill level of workers has been improving to produce high-quality goods.
Vietnam produces bedding from different materials to serve other purposes for customers. Some of the most common types are:
Cotton
Cotton is the most widely used material for beddings for a good reason. It’s long-lasting, airy, smooth, easy to maintain, and relatively inexpensive.
Linen
Linen comes from the flax plant stems. Linen bedding is hypoallergenic, durable, breathable, and moisture-wicking. It also gets smoother and firmer over time.
Silk
Silkworms create a luxurious, silky fiber called silk. This material is always cool and soft.
Polyester
Polyester is an artificial fabric formed from the same polymers in the manufacturing of polymer bottles. Although polyester is affordable, it is harsh and scratchy when used alone.
Nylon
Nylon is a robust and durable synthetic material that manufacturers love to produce soft and wrinkle-free bed sheets.
Acrylic
Another synthetic fabric is acrylic. It doesn’t feel as soft on the skin as natural materials, but it’s highly wrinkle-resistant.
Acetate
Acetate is a fabric created from hardwood fibers’ cellulose. It has a silky, smooth feel, yet the strands are pretty fragile.
Current Market Of Importing Beddings From Vietnam
In 2020, bedding exports from Vietnam were $605 million. Bedding sales increased by $68 million.
Bedding exports accounted for 0.215% of Vietnamese exports in 2020 (total product exports from Vietnam were $ 281 billion).
Compared to 2019, the share of these items in total exports from this country grew by 0.012%. In 2019, it was 0.203%, with total exports totaling $ 264 billion.
In 2020, bedding exports accounted for 5.05% in this market. The export value of beddings was $11.9 billion. It decreased by 0.609 % to 2019, when they were 5.66%.
Major importers
The top destinations of Vietnamese beddings are the USA, Japan, and Korea in 2020, with the USA accounting for more than half of the market share.
| Importer | Market share | Export value (US$) |
| USA | 54% | 327 million |
| Japan | 27% | 168 million |
| Korea | 6.62% | 40 million |
| China | 1.46% | 8.85 million |
| Canada | 1.16% | 7.04 million |
| India | 1.08% | 6.56 million |
| Germany | < 1% | 3.54 million |
| Netherlands | < 1% | 3.42 million |
Opportunities and threats
Increasing bed sheet exports resulting from global free trade agreements and lower labor costs are two significant drivers supporting market growth.
Vietnam’s bilateral and multilateral FTAs provide new markets for Vietnamese businesses, minimizing the impact of rising trade barriers.
Furthermore, manufacturing movements from China to Vietnam, due to their lower labor costs and qualified employees, would expand the industry.
However, access to the global market will not suffice to achieve dramatic growth in the future.
Vietnamese firms need to invest in technologies to improve production and quality to compete effectively.
How To Import Bedding From Vietnam?
With so many foreign buyers engaged in the Vietnamese market, it’s essential to comprehend its export and import regulations.
Registration
A company does not need special permission to export or import goods in this country.
A trader is the most common organization for buyers interested in participating in these processes and product transportation.
Customs procedures
Any goods shipped from Vietnam are subject to Vietnamese customs clearance rules. They check the products’ condition, specifications, size, and number in detail.
Documents
Exporters and importers must submit a set of documents. Traders must present the registration certificate and the business code registration certificate to customs agents.
Based on the exports and imports, the officials may request the following documentation:
- Bill of lading
- Contract
- Certificate of origin
- Commercial invoice
- Customs declaration form
- Export permit
- Packing list
- Technical health certificate
- Priority treatment
Priority service
If you want to cut down the cost of customs clearance, you can request priority treatment.
This service provides several benefits to qualified firms, including:
- Exemption from a physical exam of goods.
- Exemption from extra documentation.
- Ability to make insufficient declarations. You must note it within 30 days of the announcement date of registration
- Quick entry when carrying out tax documents for goods under taxation.
Duties
Most products and services exported from this country are tax-free. Export tariffs apply to just a few products, usually natural resources such as forest goods, minerals, and steel.
All goods are subject to VAT. Moreover, the Special Consumption Tax (SCT) Law specifies that traders who purchase SCT tax-liable products to export but rather resell them locally are subject to SCT.
After certification of customs clearance with the customs offices, you will make export duty disclosures. On the other hand, exporters must pay in 30 days after registering.
About Vncomex
Importing goods from Vietnam is complicated. As a result, to limit the risks and delays, you should cooperate with a reliable company.
Vncomex, our firm, is always here to help you. If you’re still not sure about the advantages of working with us, consider these factors:
We’ve spent years establishing a strong position in the current industry by offering superior support and services to our clients.
The cost isn’t a big issue. We always offer the most cost-effective options.
We are also trying to extend our group of enthusiastic, talented, and clever staff to give our clients the utmost service.
Conclusion
This article has answered the frequently asked question about how to import bedding from Vietnam.
To summarize, without the aid of a reliable organization, the global shipping procedure is quite complex.
It’s time to call us. We are always ready to offer you the finest possible service.
For any further information, please feel free to ask. Thank you for reading!
source https://vncomex.com/import-bedding-from-vietnam/
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