The continued downturn
Industrial production decline, import-export slump, and negative indicators from the purchasing managers index (PMI) are pointing to a prolonged economic slowdown in the second half of 2023. Negative signs A report by the General Statistics Office (GSO) indicates a decline in industrial
Manufacturing conditions weaken further in May
HCMC – The Vietnamese manufacturing sector continued to contract in May due to weakening demand and declining business confidence. The sector has experienced deteriorating conditions for the third consecutive month as the official manufacturing Purchasing Managers’ Index (PMI) was 45.3 last month,
Getting back on track
HCMC’s exports plunged to a 22-year low due to a nearly 17% year-on-year drop in the first quarter of this year, exposing the local manufacturing and export sectors to formidable challenges. Along with their efforts, businesses are seeking practical and timely support policies from the Government