UOB noted that while Vietnam has maintained relatively strong growth momentum, recent economic indicators suggest a mixed short-term outlook, with positive developments tempered by mounting challenges. In particular, higher energy costs are beginning to weigh on manufacturing activity and macroeconomic stability.
November's PMI stands at 53.8, slightly below October’s 54.5 but still well above the 50-point threshold, signalling continued improvement in business conditions in Vietnam and a fifth month of manufacturing recovery despite weather-related supply disruptions.
A sharp rise has been recorded in foreign trade over the past few months, and if this upward trend is sustained, this year’s foreign trade turnover is likely to break the record of 732 billion USD set in 2022.
The Purchasing Managers’ Index (PMI) of Malaysia rose to a seven-month high of 47.9 in November, up from 46.8 in October, signaling a muted moderation in the health of the manufacturing sector, according to S&P Global.
The Asian Development Bank (ADB) said while Vietnam’s economy is performing well amid uncertainties in the global economy, risks to the economic outlook have become elevated.
Singapore’s overall factory activity sank further in October, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) has shown.
Supply chains in Southeast Asia are racing to recover to full strength after months of factory stoppages and production cuts. This includes Vietnam, which is seeing a rapid return to normality, according to Nikkei Asia.
Experts from the Vietnam Institute for Economic and Policy Research (VEPR) have forecast that economic growth will reach 7.26 percent for the fourth quarter and 7.05 percent for 2019, compared to 6.6 – 6.8 percent as assigned by the National Assembly.
The Purchasing Managers’ Index (PMI) of Vietnam rose to a four-month high of 52.5 in April from 51.9 in March, signalling a solid monthly improvement in the health of the manufacturing sector, according to a Nikkei-IHS Markit survey.
Prime Minister Nguyen Xuan Phuc directed not increasing electricity prices this year, as one of measures to control inflation below 4 percent as assigned by the National Assembly, during a monthly government meeting in Hanoi on June 2.
Prime Minister Nguyen Xuan Phuc was worried about the slow disbursement of public investment capital while chairing the government’s regular meeting in Hanoi on October 3.
Vietnam’s Finance Ministry and Daiwa Corporation of Japan co-hosted a conference in Tokyo on August 21 to promote financial investment in Vietnam with the attendance of more than 200 Japanese firms.
The Purchasing Managers’ Index (PMI) of Vietnam dipped to 54.1 in April, a slight decline from March’s 22-month high of 54.6, reported Nikkei on May 3.
Despite a gloom in the Purchasing Managers’ Index (PMI) in the region, Vietnam’s PMI continued to expand, reaching a ten-month high of 52.7 in May from 52.3 in the previous month.
Singapore’s Purchasing Managers’ Index (PMI) fell to 49.3 in August, the second straight month the figure has fallen,marking the slowest pace since late 2012.
