Vietnam has become a key link in the global supply chain due to its geographical location, free trade agreements (CPTPP, EVFTA, RCEP), and foreign direct investment, according to VinaSources.

Vietnam’s total import-export turnover reached 610.56 billion USD as of 15/10/2024, a 16.4% increase. Exports reached 315.9 billion USD, up 15.3% year-on-year. Four product groups surpassed the billion-dollar mark: computers and electronic components (55.2 billion USD), phones and components (43.94 billion USD), machinery and equipment (40.16 billion USD), and textiles (28.85 billion USD), according to the Vietnam Customs.

Export value of Vietnam's key product groups (from 1/1/2024 to 15/10/2024). Source: Vietnam Customs

However, trust, standards, and processes are significant barriers in global trade. Vietnamese producers, despite having quality products, face challenges accessing international partners due to a lack of legal transparency and limited export infrastructure. International buyers also struggle to verify production capacity, quality, safety, and environmental certifications, and face logistics and payment risks.

The platform connects global buyers with Vietnamese producers. Photo: VinaSources

VinaSources addresses three key issues: information transparency, process standardization, and supply chain optimization. The platform utilizes big data for market analysis, AI for order optimization, and blockchain for verification and traceability.

The entire process, from product input and document management to quality control and logistics, is digitized. This allows importers to track orders in real-time and helps Vietnamese producers control progress and mitigate risks.

VinaSources' booth at an event. Photo: VinaSources

Nguyen Quang Dong, founder of VinaSources, said the company aims to build an ecosystem connecting producers, sellers, and support services like logistics, warehousing, and payments. The goal is to help Vietnamese goods conquer international markets more quickly, efficiently, and sustainably.

With over 11 years of experience in the supply chain ecosystem, LeadsGenGroup (the founder of VinaSources) has positioned VinaSources not just as a trading platform but also as a promoter of Vietnamese culture and brands globally. By supporting domestic businesses in accessing international markets, the platform aims to enhance the value of Vietnamese goods and increase the presence of "Made in Vietnam" in e-commerce and global supply chains.

(Source: VinaSources)