Vietnam's Manufacturing Purchasing Managers' Index (PMI) rises to 53.3 in Sep
By Bao Anh
October 02, 2017 | 11:58 AM GMT+7
Vietnam's manufaturing PMI increased to 53.3 in September, up from 51.8 in August.
Photo: Pinterest
The Nikkei released the Manufacturing Purchasing Managers' Index (PMI) in September of Asian countries including Vietnam.
Accordingly, Vietnam's PMI increased to 53.3 in September, up from 51.8 in August, thanks to faster rises in output, new orders and employment, driven up by stronger customer demand.
Readings above 50 point to an expansion in activity while numbers below that indicate contraction.
"New orders rose markedly, feeding through to faster expansion of output, employment and purchasing activity. Manufacturers are, therefore, well placed to record further growth during the final quarter," said Andrew Harker, associate director at IHS Markit, which compiles the survey.
"A cautionary note, though, is signaled by a reemergence of inflationary pressures. Cost inflation was the strongest in over six years amid pressure on the supply of raw materials. Companies have had to raise prices for the first time since April", he added.
Japan's Hulic Co. has entered a joint venture with Indochina Kajima to develop ready-built factory projects in Vietnam, as the country cements its position as a key manufacturing hub in Asia.
Menas has officially opened Mena Gourmet Market, a premium integrated supermarket located on the B1 floor of Menas Mall Saigon Airport, near Tan Son Nhat International Airport in Ho Chi Minh City.
V-GREEN and Prime Group have signed a memorandum of understanding to develop a network of charging stations for VinFast electric vehicles across Indonesia.
Menas Vietnam has signed a strategic memorandum of understanding with SVD-Group, marking a significant milestone in introducing premium Russian products to Vietnamese consumers.
Menas has recently signed a strategic partnership agreement with Ngoc Duy Group and Da Dream Farm to introduce high-quality agricultural products from Lam Dong province to the nationwide distribution network of Mena Gourmet Market.
