Hanoi (VNA) – 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.
The data shows a 16 percent year-over-year increase in demand for inspections and audits in Vietnam in the first quarter of this year, which represents a third consecutive quarter of growth that had initially begun as a post-lockdown rebound in mid-2020, the article cited a report from QIMA, a provider of supply chain compliance solutions.
It is worth noting that this growth is more than just a 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 far from satisfied and is poised to redefine the sourcing landscape in 2021: around one-third of buyers globally and 38 percent of US-based buyers name it among countries from where they plan to buy more in 2021.
The website said Vietnam is not the only country in the region to benefit from expanded business volumes, as data on inspection and audits demand in Southeast Asia shows double-digit growth across the board, fueled by the renewed interest from American and European brands alike./.
- UK's Ideagen buys software firm Scannell Solutions in €4m deal
- Boots to introduce online prescription orders after buying technology firm
- London Stadium owners buy events firm in bid to get a grip on finances
- Proserv buys metering firm from Petrofac
- FTSE giant Croda agrees deal to buy Danish firm for £64 million
- Sir Martin Sorrell firm trading in line following revenue surge
- South Korean paid million dollars to own real estate in Vietnam
- Vietnam Rolls Out Cybersecurity Law Censoring ‘Toxic, Confusing’ Content Online
- Aquaculture Vietnam 2019 to be held in Can Tho
- North Norfolk firm wins gold sleep award for baby mattress
Vietnam among top three buying geographies of US firms have 297 words, post on en.vietnamplus.vn at May 7, 2021. This is cached page on Talk Vietnam. If you want remove this page, please contact us.