Vietnam to be next major sourcing destination: survey

Retailers and suppliers are increasingly looking towards Vietnam as a sourcing destination to avoid rising inflation in Chian, a US Barclays Capital survey has found.
13% of respondents to the survey said that they were looking to source from Vietnam, which represented the same proportion that identified China and was the only country to feature significantly.

The survey also found that respondents were concerned about the rising costs in China with more than two-thirds of people identifying this as a concern although many retailers are still reluctant to move buying offices.
Barclays Capital is the investment banking division of Barclays Bank PLC.

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