The index signalled an end to the two-month period of improving business conditions at the start of 2024, but pointed to broadly unchanged operating conditions overall.
Sustained improvements in new orders support job creation with employment rises for the first time in four months, while business confidence jumped to one-year high.
An improvement in the public health situation and subsequent easing of restrictions helped the Vietnamese manufacturing sector return to growth during October.
The Vietnamese manufacturing sector returned to growth in June as success in suppressing the coronavirus pandemic and greater business confidence helped lead to renewed expansions in output and new orders.
The Vietnamese manufacturing sector saw a recovery with the Manufacturing Purchasing Managers'' Index (PMI) increasing ten index points in May to 42.7 as the virus was brought under control in Viet Nam.
The Vietnamese manufacturing sector saw an intensification of the downturn last month with Manufacturing Purchasing Managers'' Index (PMI) decreasing to 32.7 as a result of the coronavirus pandemic (COVID-19).
IHS Markit released the Viet Nam Manufacturing PMI report on Monday from responses to monthly questionnaires sent to purchasing managers in a panel of about 400 manufacturers.
The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 50.8 in December, signalling a slight improvement in the health of the manufacturing sector, a survey by Nikkei and IHS Markit released on Thursday showed.
June completed a solid second quarter for the Vietnamese manufacturing sector, with business conditions improving amid the ongoing growth of new orders.
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.
It was a positive end for the Vietnamese manufacturing sector in 2017 with the Manufacturing Purchasing Managers’ Index (PMI) rising to 52.5 in December from November’s 51.4, according to the latest survey from Nikkei’s IHS Markit that released on Tuesday.