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,
Monetary policy for growth
Amidst current challenges – objective and subjective alike – fiscal policy has yet to deliver as good results as expected. Therefore, monetary policy should be more accommodative for economic growth, like the central bank’s recent interest rate cuts. Quick response In its report released on March
Manufacturing business conditions improve in February
HCMC – The Vietnamese manufacturing sector has seen a pickup in new orders, leading to higher output, employment and purchasing activity. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) was 51.2 in February, ending a string of contractions and up 3.8 points from 47.4 in
Manufacturing business conditions continue to weaken in December
HCMC – The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) continued to slide further, signaling a further deterioration in conditions in the manufacturing sector. The S&P Global Vietnam manufacturing PMI registered 46.4 in December, one point lower than the previous
PMI growth at 13-month low
HCMC – Although business conditions in the Vietnamese manufacturing sector continued to improve at the beginning of the fourth quarter, the Vietnam Manufacturing Purchasing Managers’ Index (PMI) grew the slightest in 13 months. The S&P Global Vietnam manufacturing PMI registered 50.6 in