The Global Sourcing Fair Vietnam 2024 commenced in Ho Chi Minh City on Wednesday, with more than 400 Vietnamese and foreign suppliers promoting about 20,000 various export-standard products to an expected total of 8,000 local and international purchasers.

The three-day fair, hosted by Hong Kong-based Global Sources, an international multichannel B2B sourcing platform, opened at the Saigon Exhibition and Convention Center in District 7 on Wednesday.

The annual event, which aims to connect global buyers with suppliers from Vietnam and other Asian countries, is attended by over 400 exhibitors, 70 percent of whom are Vietnamese while the remainder are from other Asian nations including Malaysia, Thailand, Bangladesh, Cambodia, India, South Korea, and China, according to Hu Wei, CEO of Global Sources.

The fair is expected to welcome around 8,000 domestic and international buyers from more than 150 countries and territories from Europe, the Americas, Oceania, and Asia, the organizer said.

These purchasers will be offered more than 20,000 products which meet export standards across various industries, including home and furniture items, gifts and handicrafts, textiles and garments, and fashion accessories.

Offering both online and offline services, the exhibition opens broad opportunities for participating businesses to seek new partners and export markets, while meeting the demand of buyers worldwide interested in sourcing high-quality exports  from Vietnam and Asia in general, Wei said. 

Nguyen Thi Tuyet Mai, deputy general secretary of the Vietnam Textile and Apparel Association, shared expectations that Vietnamese businesses will be able to connect online with global buyers through the event in order to expand their customer base as well as learn more about new trends and green technologies in the industry.

Wing Leung, a representative of the Hong Kong Footwear Association, said that the growth of e-commerce and online retail platforms in Vietnam has opened up new distribution opportunities for international footwear manufacturers, including those from Hong Kong.

Leung revealed that businesses from Hong Kong are looking forward to exploring chances for trade cooperation with Vietnamese partners as well as building factories in Vietnam as they seek to increase their presence in the Vietnamese market. 

Hong Kong businesses will also introduce to their potential partners the application of 3D technology in shoe design and manufacturing as a new method that helps reduce labor and material costs while promoting green and sustainable production, she added.

Raymond Tang, vice-president of the Federation of Hong Kong Footwear Limited (FFHK), commented that the fair opens doors for FFHK members to meet potential buyers and highlight the latest trends in the industry and the market, according to the Vietnam News Agency.

Within the fair’s framework, a series of seminars, B2B events, fashion shows, online exhibitions, and field tours will also be conducted.

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