Manufacturing PMI sees strongest improvement since November 2018
Vietnam has seen the strongest growth of the Purchasing Managers' Index among seven countries surveyed in ASEAN, marking the highest improvement it has seen in manufacturing since the end of 2018.
The Vietnam Manufacturing Purchasing Managers' Index (PMI) was 51.3 in January, down from 51.7 in December, to signal a softer improvement in business conditions at the start of 2021.
Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by the London-based global information provider IHS Markit.
Vietnam's manufacturing PMI hit 53.6 points in March, up from 51.6 in February, according to a report by the London-based global information provider IHS Markit.