Vietnam Manufacturing Sees Strongest New Orders Growth in Three Months
Business

Vietnam Manufacturing Sees Strongest New Orders Growth in Three Months

Vietnam's manufacturing sector saw its Purchasing Managers' Index (PMI) rise to 52.8 in May, the highest in three months, driven by robust new order growth. Despite persistent cost pressures and logistics challenges, business confidence improved.

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  • Vietnam Manufacturing PMI Hits Three-Month High on New Order Rebound

    Vietnam's manufacturing sector PMI rose to a three-month high of 53.8 in March, driven by a rebound in new orders. However, rising input costs, exacerbated by Middle East tensions, impacted demand and production. The report also highlighted growth in high-tech exports and the startup ecosystem.