Business

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.

A Wink Unscripted by Hyatt Hotel is set to open in Hanoi in 2027

A Wink Unscripted by Hyatt Hotel is set to open in Hanoi in 2027

Business -  3 week

Wink Hanoi Westlake, the seventh hotel in the Wink Unscripted by Hyatt chain, offers 406 modern rooms and has just topped out on April 3 in Hanoi.

MTE HCMC 2026 opens registration as hospitality sector rebounds

MTE HCMC 2026 opens registration as hospitality sector rebounds

Business -  1 month

Registration is now open for MTE HCMC 2026, a major real estate and hospitality summit.

Menas Group set to recruit over 1,000 employees in 2026

Menas Group set to recruit over 1,000 employees in 2026

Business -  1 month

Menas Group is spearheading a series of training and human resource development partnerships to support its aggressive expansion into the retail and service sectors.

BEST Express’ strategy under the pressure of logistics standardization

BEST Express’ strategy under the pressure of logistics standardization

Business -  1 month

The story of BEST Express reflects a shift in the logistics industry toward building operational platforms grounded in technology, data, and partner ecosystems.

Choosing the school of life: How a Vietnamese-born founder built profitable ShortsCut

Choosing the school of life: How a Vietnamese-born founder built profitable ShortsCut

Business -  1 month

At 25, Tuan Le is running a profitable short-form video startup, expanding into international markets and setting his sights on building a billion-dollar business in digital marketing.