News / China-Vietnam sourcing shift enters phase two, bringing more box congestion

The manufacturing shift from China to Vietnam is moving up a gear, putting pressure on the country’s container supply chains.

With 2.4% GDP growth forecast by the IMF, Vietnam is on track to become one of the fastest growing economies in the world in 2020, as many others fall into lockdown-induced recessions.

For example, Singapore and Malaysia look set to suffer deep economic slumps, which would see Vietnam overtake the pair to become the fourth largest Asean economy.

Manufacturing continues to drive the ...