Vietnam's Manufacturing Purchasing Managers' Index (PMI) rises to 53.3 in Sep

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.