Vietnam was a trending country with high mentions and growth in companies’ earnings call transcripts during 2021. The country’s discussions were driven by key mentions around outsourcing, inventory, factories, capacities, and supply, with a double-digit rise in mentions despite closures and lockdowns dampening sentiments, according to GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘Company Filing Analytics Trends & Signals Annual Report 2021’, reveals that Vietnam emerged as a key country amongst all the trending countries with 898 mentions in 2021, up from 691 in 2020, a growth of 30%. However, negativity around the impact of COVID-19 on closures, supply chains, factories, and capacities negatively influenced sentiment.

Rinaldo Pereira, Business Fundamentals Analyst at GlobalData, comments: “Despite the positivity around Vietnam’s outsourcing, firms were continually worried of COVID-19 driven lockdowns in the country, causing a dip in sentiments. Apparel and footwear companies in Vietnam were seemingly the most impacted by factory closures. Companies were also forced to look at alternative avenues for production with closures impacting transit times, capacities, costs, and supply chains.”

An analysis of GlobalData’s Company Filing Analytics platform reveals that China, India, Thailand, Indonesia, and Malaysia were countries discussed around Vietnam as a keyword, with companies scampering to reduce the impact of closures by looking at partners across the Asia-Pacific.

Pereira concludes: “Certain insurance partnerships highlighted cases around companies looking for insuring risks around supply chain and closures. Despite a slow reopening, sentiments also showed no sign of improvement in Q4 2021. That said, other companies from the technology, power and medical equipment industries continued to be optimistic throughout 2021 with expansion and product launch discussions.”