Vietnam among top three buying geographies of US firms
A new report finds that 43 percent of US-based respondents cited Vietnam among their top three buying geographies as of early 2021, doubled from 2019, according to Material Handling & Logistics, a US website.
A screenshot of the article published by Material Handling & Logistics
Hanoi (VNA) – A new report finds that 43percent of US-based respondents cited Vietnam among their top three buyinggeographies as of early 2021, doubled from 2019, according to Material Handling& Logistics, a US website.
The data shows a 16 percent year-over-year increase indemand for inspections and audits in Vietnam in the first quarter of this year,which represents a third consecutive quarter of growth that had initially begunas a post-lockdown rebound in mid-2020, the article cited a report from QIMA, aprovider of supply chain compliance solutions.
It is worth noting that this growth is more than justa return to pre-pandemic levels, as Q1 2021 inspection demand has, on average,doubled compared to Q1 2019.
Furthermore, the appetite for Vietnam sourcing is farfrom satisfied and is poised to redefine the sourcing landscape in 2021: aroundone-third of buyers globally and 38 percent of US-based buyers name it amongcountries from where they plan to buy more in 2021.
The website said Vietnam is not the only country in theregion to benefit from expanded business volumes, as data on inspection andaudits demand in Southeast Asia shows double-digit growth across the board,fueled by the renewed interest from American and European brands alike./.
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A screenshot of the article published by Material Handling & Logistics 
