China’s Premier Trading Group Enters the Vietnamese Market

Major Challenges for Businesses in Sourcing Products

As the Vietnamese economy continues its stable growth trajectory, with an expected GDP of approximately 6.5 – 7% by 2025, reflecting a recovery in domestic consumption and international trade. With over 800,000 businesses operating in Vietnam, 97% of which are small and medium-sized enterprises (SMEs), accessing reliable sources of goods at reasonable costs has become imperative to cater to the $140 billion retail market.

However, Vietnamese businesses face challenges in finding suppliers due to high transportation costs caused by fluctuating fuel prices and logistics issues, a lack of transparent information from suppliers, and the risks associated with working with unclear intermediaries. These difficulties not only increase operational costs but also impact the competitiveness of businesses in the market.

To address this issue, Yiwu Selection, one of China’s leading trading groups, has officially entered the Vietnamese market, marking a significant step in helping Vietnamese businesses access reliable, high-quality goods at optimal costs.

Yiwu Selection – A Reliable Supplier of Quality Goods for Vietnamese Businesses

As part of the Zhejiang China Commodities Group, Yiwu Selection originates from Yiwu city, known as the “world’s largest wholesale market,” where millions of products are distributed to over 200 countries and territories. Yiwu is not just a leading commercial center but also a symbol of the development of the commodities industry in China. The name “Yiwu” in Yiwu Selection signifies “Selected Goods from Yiwu,” emphasizing their commitment to bringing quality products at optimal prices from reputable factories.

With over 30 years of experience and a network of 55 subsidiaries and over 2.1 million partner companies, Yiwu Selection ensures a diverse and quality supply of goods for the Vietnamese market. Sellers can confidently choose to import various product categories, from consumer goods, fashion, electronics to cosmetics, without worrying about quality and intermediary cost differences.

Hundreds of sample products are displayed at Yiwu Selection VN for customers to experience (Source: Yiwu Selection)

“Vietnam is a market full of potential with a high demand for imported goods. We aim to be the bridge that facilitates Vietnamese businesses’ access to quality goods at competitive prices. In the future, we will continue to develop a comprehensive service system to better meet the needs of the market and become a major commodity center in Vietnam,” shared a representative from Yiwu Selection Vietnam.

Leveraging its resources, Yiwu Selection Vietnam is also committed to enhancing product and service quality to support sellers in Vietnam with all their commercial needs, including importing goods, franchising, and e-commerce activities.

Opportunity to Source Directly from Factories without Intermediaries, with Attractive Benefits for Businesses

The first branch of Yiwu Selection in Vietnam will officially open in Ho Chi Minh City on December 4, 2024, with the attendance of the Vice Mayor of Yiwu city, 23 representatives from top Chinese factories, celebrities, agents, and hundreds of major customers in Vietnam.

By participating in the opening event, partners and customers will have the opportunity to experience the quality of over 1,000 items in the product display area, enjoy discounts on imported goods, and receive attractive gifts from Yiwu Selection. This event also provides a platform for customers to network and obtain first-hand business information from leading suppliers in Vietnam and China.

For more information about Yiwu Selection Vietnam and to attend the opening event, please visit Yiwu Selection VN Showroom at 33 Galleria Residential Area, Nguyen Huu Tho, Phuoc Kien, Nha Be, Ho Chi Minh City.

Yiwu Selection China – Zhejiang China Commodities Group Co., Ltd., established in 1993, operates the world’s largest commodity market, with 20 branches and 55 subsidiaries in China and over 5,200 employees. It is one of the leading enterprises in the Chinese trading industry.

Yiwu Selection Vietnam is not just a commercial branch but also a strategic connector, offering Vietnamese businesses breakthrough opportunities, especially during the vibrant year-end shopping season.