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
TermMeaningBuyer Responsibility
EXWEx WorksBuyer handles all logistics from factory
FOBFree On BoardSupplier delivers goods to export port
CIFCost, Insurance & FreightSupplier arranges shipping to destination port
MOQMinimum Order QuantityMinimum production quantity required
Lead TimeProduction durationConfirm 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 →
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Factory Verification & Due Diligence in Vietnam

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Identifying the Right Supplier in Vietnam