Titled “Made in Vietnam: le nouvel atelier du monde” (Made in Việt Nam: The new workshop of the world), the report highlighted the country’s rapid industrial transformation.
Vietnamese manufacturers registered further expansions in output and new orders in August with the S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) at 52.4.
The S&P Global Vietnam Manufacturing Purchasing Managers'' Index (PMI) was unchanged at 50.3 in May, signalling a second consecutive marginal monthly improvement in business conditions in the sector.
“The solid expansion in new orders helped lead to a return to growth of manufacturing production in Việt Nam,” S&P said in a press release on Thursday.
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.
Over the past years, Viet Nam''s has made improvements in supporting industries thanks to the State''s policies, Director of Trade Promotion Agency Vu Ba Phu.
The Viet Nam-Japan Supporting Industry Exhibition, hosted by the Japan External Trade Organisation (JETRO) Office in Ha Noi and the Ministry of Industry and Trade (MoIT)''s Trade Promotion Agency will attract nearly 50 enterprises from Viet Nam and Japan.
The 2022 Vietnam Manufacturing Expo and Vietnam’s Only Exhibition on SMT, Testing Technologies, Equipment and Supporting Industries for Electronics Manufacturing (NEPCON Vietnam 2022) will be held in Hanoi on August 10-12 and September 14-16 respectively.
The Vietnamese manufacturing sector remained in recovery mode in February, seeing growth accelerate further and confidence maintained, according to IHS Markit.
The Vietnam Manufacturing Purchasing Managers'' Index (PMI) ticked up to 52.2 in November from 52.1 in October, signalling a second successive modest improvement in business conditions.
An improvement in the public health situation and subsequent easing of restrictions helped the Vietnamese manufacturing sector return to growth during October.