Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – rose to a four-month high of 52.5 in April from 51.9 in March, signalling solid monthly improvement in the health of the sector.
Việt Nam’s economy will grow at 6.6 per cent this year, slightly down from last year’s 7.1 per cent, HSBC has forecast in a report it released this week.
The manufacturing sector continued to expand at the end of the first quarter, with signs of growth picking up during March, a survey released on Monday by Nikkei and IHS Markit said.
The Ministry of Planning and Investment (MPI) lowered its estimate of Việt Nam’s GDP growth to 6.58 per cent in the first quarter of this year.
Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) in February fell for the third month in a row to 51.2, according to the latest reports from Nikkei and IHS Markit.
The start of 2019 saw moderate growth in the Vietnamese manufacturing sector, according to a Nikkei report released on Friday.
Shares declined further on Thursday with VN-Index breaking last year’s bottom of 880.85 points as a series of blue-chip stocks were hit hard, partly due to the affect of falling global market.
The Vietnamese manufacturing sector continued to record solid growth in December, helping the country show the strongest upturn in ASEAN during the last month of 2018.