Introduction: The Fortune Code of the Vietnamese Market
• 15.8 million middle-class households, nearly tripling in the past decade, will account for over half the population by 2030
• $84.7 billion imports from China in H1 (+31%), $70.9 billion exports to US (+34%)
• E-commerce market size surging to $878 billion, Shopee dominates 60% market share, with "women's handbags" searched 17.3 million times monthly
01
US-Vietnam Tariff Agreement: The 40% Punitive Tariff Lifeline
⚠️ Policy Trap Identification: Label-switching re-exporters, tax bills can buy 3 Vietnamese factories
Label game death spot: Only simple processing (e.g., furniture assembly, clothing tailoring). A Nike subcontractor had tariff costs surge $35/pair due to 28% local shoemaking rate, leading to 500,000 cancelled orders
Value content trap: Vietnamese local materials + labor cost < 35%. Vietnam's trade surplus with US surged 25% in H1, with many enterprises stuck in the 32%-34% "grey zone"
Tariff code change blind spot: First 6 digits of HS code unchanged between imported raw materials and exported finished products (e.g., parts → finished product testing)
Must simultaneously meet:
✅ Local value content ≥35% (materials + labor)
✅ First 6 HS code digits cross-chapter change (e.g., fabric → finished garments)
📊 Enterprise Response Strategy Matrix
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one's rant: "Instead of playing the 'screw loosen-tighten' assembly game in Vietnam, learn from TCL selling lightning-proof TVs out of stock - technological barriers are the real moat."
02
Key Category Opportunities: Practical Guide from Eyebrow Dye to Camping Gear
💄 Beauty & Personal Care: How did eyebrow dye top TikTok in six months?
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BPOM certification lightning pass✅ Submit PIF document (ingredients + production process) + Indonesian labels, cost approx. $2,000/category, 6-month cycle
Pitfall: Labels must avoid "medical" or "therapeutic" terms, otherwise certification rejected
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KOL cooperation golden rule💰 Prioritize mid-tier influencers (100,000-500,000 followers), with 37% higher engagement rate than top-tier, commission controlled at 8%-12%
Case: Rock Sweetheart eyebrow dye achieved $1 million GMV in 3 months through "waterproof test + beach scene" short videos
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Alibaba International Station bonus🎁 New beauty merchants enjoy first 3 months search ranking boost
🏍️ Auto Parts & Electronics: Vietnamese repair motorcycles more frequently than dating
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Standard adaptation to Japanese vehicles🚗 Traditional parts must meet JIS standards (e.g., brake pads for Honda/Yamaha), new energy parts focus on sodium-ion battery cooperation
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Procurement model combination📦 Quarterly orders lock prices for core parts like tires, emergency replenishment for pre-monsoon replacement peak, reserve 8%-12% for hidden costs
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SNI certification money-saving guide💸 Type 5 certification approx. $5,000, factory audit focuses on production records, bonded warehouses in Bac Ninh/Hai Phong shorten delivery cycle
🏕️ Smart Home: Lightning protection design more important than price
✅ Low risk: Smart small appliances (projectors, air fryers), XGIMI's Vietnam factory has annual capacity of 1 million units, overseas revenue accounts for 31.89%
⚠️ High risk: Large furniture (easily identified as re-export), 12% of aluminum doors/windows under HSN code 7610 inspected in H1
👓 Eyewear: Fashion solutions under $30
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03
Vietnamese Buyers: Negotiations like Tom Yum Kung, can't rush
🌶️ Procurement decision logic: 3 visits + 2 samples ice-breaking process
1st visit: Talk about TikTok live e-commerce (2025 sales soared 2.3x) or local festivals
2nd visit: Bring 100,000-200,000 VND samples (~$2.8-$5.6), this price segment's e-commerce share rose from 24.2% to 26.3%
3rd visit: Provide improved samples (e.g., sun protection upgrade for outdoor products), GYMPRO yoga accessories captured 4.796% market share through this
🛍️ Product adjustment guide: Even garbage bags print K-pop stars
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04
Practical Tools: Avoid pitfalls from certification to exchange rates
📜 Certification & Compliance: BPOM certification like chasing Vietnamese girls - prepare 6 months in advance
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💻 E-commerce Platform Selection: Commission cost calculation formula
✅ Shopee: Nanning warehouse SLS order commission 14.6% + 3,000 VND/order infrastructure fee (effective July 1)
🔄 TikTok Shop: 4% commission + 1% personal tax, 20%+ return rate but 6-8% live conversion rate
⚠️ Lazada: High-value goods declaration fee 94,000 VND/package (orders over 1 million VND)
💱 Exchange Rate Hedging: Is Vietnamese Dong NDF=No Deposit Fun? Don't be silly, this is your seatbelt
Open bank account → Deposit 5%-10% margin → Lock exchange rate
Case: ICBC Zhuhai helped pharmaceutical enterprises lock $5 million NDF, avoiding 2.8% depreciation loss in H1
SMEs recommended forward exchange settlement, enterprises with annual transaction >$10 million use CCS tools
05
Action List & Trend Forecast
📅 Three-Month Crash Course
Day 1-30: Obtain BPOM certification, materials include ISO 9001 certificate + Indonesian labels
Day 31-60: Shopee product testing, screen potential models with >5% click rate, control influencer review ROI at 1:2
Day 61-90: Sign agents at Ho Chi Minh exhibition, prioritize partners with pharmacy/supermarket channels
🔮 Future Trends: Next explosion category hidden in shopping carts
New energy accessories: Sodium-ion battery cooperation (CATL technology export)
Health monitoring devices: Blood pressure monitors $35-50, H1 sales surged 210%
Pet products: Enclosed cat litter boxes with "odor-proof design + 1/3 Japanese brand price" saw 3x purchase volume in 6 months
one: Honest Words for Foreign Trade SOHOs
• Product: Micro-innovation (anti-fog coating + embroidered logo)
• Localization: HALAL certification + rainy season packaging improvement
• Risk control: NDF hedge exchange rates + formal customs clearance
Cross-border Payment / International Platform Onboarding
/ Sourcing in China / Global Customer Outreach
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