RFQ & Quotation Process for Vietnam Sourcing
The Request for Quotation (RFQ) process is one of the most important stages in sourcing from Vietnam. A well-structured RFQ helps buyers receive accurate pricing, compare suppliers fairly, identify hidden costs, and avoid misunderstandings before production begins.
Key principle: Suppliers can only provide accurate quotations when product specifications, target quantities, packaging requirements, and delivery expectations are clearly defined.
What an RFQ Should Include
- Product specifications
- Target quantities
- Material requirements
- Packaging specifications
- Compliance standards
- Delivery timeline
Common Quotation Terms
| Term | Meaning | Buyer Responsibility |
|---|---|---|
| EXW | Ex Works | Buyer handles all logistics from factory |
| FOB | Free On Board | Supplier delivers goods to export port |
| CIF | Cost, Insurance & Freight | Supplier arranges shipping to destination port |
| MOQ | Minimum Order Quantity | Minimum production quantity required |
| Lead Time | Production duration | Confirm realistic delivery schedule |
Common RFQ Mistakes
- Comparing suppliers using incomplete specifications
- Choosing the cheapest quote without verification
- Ignoring hidden packaging or shipping costs
- Failing to clarify Incoterms
- Not defining compliance requirements early
- Requesting unrealistic lead times
- Using vague quality expectations
Best practice: Always compare at least 3–5 supplier quotations using identical RFQ documentation. Differences in pricing often reveal differences in quality standards, material assumptions, or production capability.
Want the complete guide? Read the full Vietnam Sourcing & Manufacturing Guide →
Other sections of the Vietnam Sourcing Guide
Defining Your Product Requirements for Vietnam Sourcing
Identifying the Right Supplier in Vietnam
Factory Verification & Due Diligence in Vietnam
Sample Development & Validation for Vietnam Sourcing
Production Management for Vietnam Sourcing
Quality Control & Inspections for Vietnam Sourcing
Payment Methods & Risk Management in Vietnam Sourcing
Shipping & Logistics from Vietnam: A Complete Guide
Compliance & Certifications for Vietnam Sourcing
Common Sourcing Mistakes to Avoid in Vietnam
Vietnam Sourcing FAQ: Answers to Common Buyer Questions