US, European buyers pivot away from China, toward Vietnam
By Dat Nguyen May 5, 2021 | 12:27 pm GMT+7
Containers seen at Cat Lai Port in Ho Chi Minh City in April 2021. Photo by VnExpress/Quynh Tran.
Demand for Vietnamese products is increasing among U.S. and European buyers, many of whom are seeking to diversify their buying away from China, a survey has found.
Forty three percent of U.S. companies said earlier this year that Vietnam was among their top three choices of source, twice the rate seen in 2019, according to a survey by Qima, a provider of supply-chain-compliance solutions.
The ratio in Europe was 25 percent, up 11 percentage points, it said.