Vietnam’s biggest and most important holiday of the year is fast approaching! The Vietnamese New Year is celebrated nationwide, which means that businesses will close. This includes factories. How does this affect manufacturing in Vietnam? During this holiday, workers will travel home to return to their families and celebrate the new year. Manufacturing will thus be stopped for this period.
Our offices in China and Vietnam will be off from January 31st to February 4th, 2022 in line with the Chinese New Year celebration.
Vietnam Holidays for 2022. Please note that these dates for ODM Group companies in the region.
For this period, 2 key questions need to be asked.
- How long will factories be closed?
- How will the factory closures affect me?
Manufacturing in Vietnam
In this blog, we will answer the 2 key questions and give you a better insight into the situation.
How long will Vietnamese factories be closed for the Tet Holidays?
Generally, even though the official date of the Tet Holiday would be the 1st of February, factories in Vietnam will be closed for 1 week, from the 31st of January to the 4th of February. If there are no orders, factories may take an additional week off.
How will this affect manufacturing in Vietnam?
Factory closures will have various impacts on manufacturing in Vietnam, including:
- Delayed Production Time and Quotations: During this period, production times will be delayed, and quotations will be processed slowly due to slow feedback from factories.
- Production Queues: Production backlogs can affect your company. This is especially so if orders are placed late. With 1-2 weeks of orders backed up, factories will process orders from preferred partners. Do talk to us about using our leverage to get orders processed quickly.
Manufacturing in Vietnam
Comparison with China factories
Compared to Chinese factories, Vietnamese factories have a shorter break during the New Year Period. This is because prior to the Chinese New Year break, the Chinese celebrate a traditional holiday called the Laba holiday. Therefore, Chinese factories can close for up to a month, which is significantly longer than that of Vietnamese factories.
Therefore, ordering your products from Vietnamese factories might be better for your company during the new year period. The ODM Group has recently opened an office in Ho Chi Minh City, so do contact us about working with Vietnamese suppliers during this period. Alternatively, you can also read through some blogs on Vietnamese factories, which could pique your interest.
How can you work around these factory closures?
- Planning: We suggest that you order early to avoid disappointment. Placing an order early can also minimize problems caused by rushed production either before or after the new year.
Here at The ODM Group, we specialize in unique promotional products and create custom retail packaging and POS display units. So, you can be sure that your projects will be a success!
To celebrate the lunar new year, ODM has released its annual pig merchandise. The merchandise help spread Breast Cancer Awareness, so do get yourself a pair to support this great cause! 20% of profits go to breast cancer charities.
Related Blogs:
Here’s a blog on a factory visit to a Vietnamese bag manufacturer! This trip helped to open our eyes to the different aspects of making a bag!
A factory visit to a leather supplier! We certainly learnt a lot about the leather manufacturing process from this trip!
Here’s a very interesting form of marketing: Bicycle Marketing!
Here are some custom red packets to celebrate the new year!
