December data completes positive year for Vietnam’s manufacturing sector with further solid rises in output and new orders as well as input costs decrease for first time in 34 months.
Although the global demand is slowing down, Vietnam manufactures expect product diversification, robust demand conditions and set targets to boost production in the coming 12 months.
Vietnam Manufacturing Purchasing Managers’ Index (PMI) in September shows the first reduction in output prices in 13 months, slower rises in output, new orders and employment but business confidence rebounded from August’s low.
Growing foreign direct investment and a move up the value chain mean Vietnam’s industrial real estate sector has an optimistic future, according to Savills Vietnam.
The economic structure has not been shifted and investment resources are being shifted mostly into the old and low value-added sectors, which are reflecting a distortion in Vietnam's labor productivity, according to Nguyen Duc Thanh, Vietnam Institute for Economic and Policy Research's president.
Vietnam's manufaturing PMI increased to 53.3 in September, up from 51.8 in August.
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