The US’s Material Handling & Logistics page on May 6 said that 43% of businesses surveyed in the US confirmed that Vietnam was among the top 3 destinations they prioritized for sourcing in early 2021, double that of last year. 2019.

Coffee production line for export of Trung Nguyen Instant Coffee Joint Stock Company in Bac Giang. Illustration: Danh Lam/VNA
According to the first quarter report of 2021 from QIMA – a supplier of supply chain assurance solutions, supply from Vietnam is experiencing sustainable growth. QIMA’s report is based on a survey of more than 700 businesses with international supply chains, examining supply chain highlights in the first quarter of 2021 and emerging trends that may affect the search landscape. global supply in the coming months.

Data shows that inspection and audit demand in Vietnam in the first quarter of 2021 increased by 16% year-on-year, representing the third consecutive quarter of growth as a rebound from the blockade to control the spread of the COVID-19 epidemic in mid-2020. Notably, this growth is not just a recovery to pre-COVID-19 levels, because of the need for inspection and audit in the first quarter of 2021. average doubled over the same period in 2019.
The increase in inspection and audit in Vietnam is in line with the results of a global sourcing survey, in which 43% of US-based respondents said that Vietnam is in the top 3 locations where they prioritize purchases in early 2021. About 30% of all buyers globally and 38% of buyers in the US named Vietnam among the countries they plan to increase purchases in 2021.

The above report makes clear that this shows that Vietnam is not the only country in the region to benefit from business expansion, as data on inspection and audit demand in Southeast Asia shows a high level of double-digit growth, driven by renewed interest in US and European brands.
Thu Hang (VNA)