The Benefits of Shipping From Vietnam

The relationship between Vietnam and the United Kingdom (UK) has undergone significant improvement in recent years, largely due to the establishment of the UK-Vietnam Free Trade Agreement (UKVFTA). Since its inception, the agreement has played a pivotal role in boosting trade and investment between the two countries, creating new opportunities for businesses and strengthening economic ties.

Vietnam, with a population of over 96 million and a rapidly growing economy, has become an increasingly popular destination for businesses looking to import goods. In this blog, we will delve deeper into the reasons why imports from Vietnam are a smart choice for businesses looking to expand and improve their supply chains.

• Affordability: Vietnam is a low-cost manufacturing destination, its labour costs are among the lowest in the world. This improves the cost-effectiveness of the goods, meaning that businesses can source products at a lower cost compared to other manufacturing destinations, increasing profit margins.
• Diversity of product offering: Vietnam is known for its expertise in producing a wide range of products, including textiles, footwear, electronics and toys. This means that businesses can find a variety of products to meet their needs.
• Reliability: Vietnamese businesses have gained a reputation for reliability and growth potential, particularly in recent years. This is attributed to several key factors, such as economic stability, economies of scale, strong manufacturing sector, government support and transportation infrastructure.
• Tech and infrastructure: Vietnam has made significant investments in infrastructure and technology, which has helped to improve the efficiency of its supply chains. The country has modern ports and highways, and its logistics industry has grown significantly in recent years. This means that businesses can expect reliable and efficient delivery of their products.
• Free trade agreements: Vietnam has signed several free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA). These agreements have helped to reduce tariffs and other trade barriers, making it easier and more affordable for businesses to import goods from Vietnam.

BENEFITS OF PARTNERING WITH SEKO:

SEKO-owned offices: SEKO’s Vietnam based offices allows for greater control and efficiency around all shipping processes. Our Vietnam-based team have local knowledge that is second-to-none, which allows them to pick the best possible carriers for your shipment, optimising price and service.

When shipping with SEKO Vietnam, customers can utilise any of SEKO’s 8 warehouses to store goods in transfer. At our warehouses, every effort is taken to ensure your goods are well taken care of and all paperwork is in place before they start the next stretch of their journey.

CFS in Vietnam: SEKO have several CFS’s (Container Freight Stations) in Vietnam. There are many benefits of having a CFS, such as freight consolidations, buyers consoles, LCL/air freight consol building, speeding up transportation and shipment processes, providing additional security, and improving overall supply chain efficiency by providing short-term storage.

Years of Experience: SEKO is a leader in the logistics industry, with over 40 years of shipping and logistics experience to pull from. The operational expertise gathered over this time allows us to rapidly handle any requests, whether in Vietnam or globally.

One Universal Operating System: SEKO’s powerful operating systems allows for all shipping information from one single source of truth. Our operating system also allows for seamless communication from country to country, and boasts the latest in operational efficiencies and standardised processes. This means faster processing times with comms whenever you need.

Highly accurate real-time tracking is also used to provide rapid updates on all shipments, and allow users to monitor the progress of their shipment at the click of a button.

Alongside the above features, our operating system allows for easy integration for partners and vendors. It can also scale smoothly with operations in new markets, with manageable KPIs to keep track of success rates and other metrics.

Want to read our full blog on the subject? Check out the Complete Guide to Shipping from Vietnam to the UK next.