ex. Game, Music, Video, Photography

Vietnam’s manufacturing grows strongly as orders hit 18-month high

Job creation quickened for the eighth month straight in November.

Ngày đăng: 20 tháng 9, 2021
Cập nhật: 24 tháng 1, 2023
Lượt xem: 327756616
Nguồn: vnexpress

Vietnam reported strong growth in the manufacturing sector in November as new orders increased the most in 18 months.

The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, an indicator of manufacturing performance, rose to 54.0 in November from 51.7 the previous month, according to survey data released on Thursday. Any reading above 50 indicates expansion in the sector.

The improvement was the strongest for a year-and-a-half. New business increased at the fastest rate since May 2015 and new export orders also rose at a faster pace.

Rising orders also urged manufacturers to take on extra staff, with the rate of job creation quickened for the eighth month straight. Both input costs and output prices increased at a faster pace in at least 30 months.

Andrew Harker from IHS Markit, which conducts the survey, said the manufacturing sector “looks set for a strong end to 2016.”

“One potential headwind going forward could be the re-emergence of inflationary pressures,” he said.

IHS Markit has forecast GDP growth of 5.9 percent in Vietnam in 2016, but said the rise will quicken to 6.3 percent next year.

The World Bank and the Asian Development Bank have both lowered growth projections for Vietnam this year to 6 percent after the country’s economy cooled in the first half following the impacts of drought on agricultural production and falling industrial growth.

The government is expecting inflation to hit 5 percent this year, compared to 0.63 percent in 2015.

Related news:

>Vietnam manufacturing growth climbs to 16-month high in September

>Vietnam chases after manufacturing giants


Từ vựng liên quan

Tin tức liên quan

 HCMC outbreak designated ‘high-risk’
news 17/10/2021

HCMC outbreak designated ‘high-risk’

news | 346406639

In line with government criteria on vaccine coverage and community infection rates, HCMC is now an ‘orange’ zone, interpreted as ‘high risk’.

Foreign companies cry out over new fees at Vietnamese port
business 25/09/2021

Foreign companies cry out over new fees at Vietnamese port

business | 338216615

Hai Phong Port, the country's second largest, has started collecting money for infrastructure upgrade, a move many call unfair.

Vietnam Electricity reports sharp fall in profits on power production
business 14/09/2021

Vietnam Electricity reports sharp fall in profits on power production

companies | 312716601

Vietnam Electricity’s profits from power production plummeted last year due to rising costs, a new report from the state utility said.

 Vietnam needs to be proactive about Industry 4.0 policies: WEF president
business 16/09/2021

Vietnam needs to be proactive about Industry 4.0 policies: WEF president

business | 316486613

Borge Brende says Vietnam needs to tap into artificial intelligence and blockchain technologies.

Minor accident causes severe traffic jam in Hanoi
news 08/09/2021

Minor accident causes severe traffic jam in Hanoi

news | 248936613

When a small incident leads to a two-hour tailback, it shows what the city's transport department is up against.

 Vietnam
business 22/09/2021

Vietnam's Bamboo Airways to sign $2 bln deal with GE for engines on Boeing jets

business | 333026613

Vietnam's Bamboo Airways will sign a deal valued at nearly $2 billion with General Electric to purchase GEnx engines to power Boeing 787-9 Dreamliner aircraft, the airline said on Tuesday.

 Vietnam endures world’s
news 28/03/2021

Vietnam endures world’s 'worst weather impacts': experts

news | 131626630

Experts believe flooding in central Vietnam is a result of complex, future "new normal" weather patterns.

Vietnam unwavering on casino ban for locals
business 13/09/2021

Vietnam unwavering on casino ban for locals

business | 309496608

The Ministry of Finance holds the cards when it comes to this call.

 312 dead as mudslides, flooding sweep through Sierra Leone capital
world 22/03/2021

312 dead as mudslides, flooding sweep through Sierra Leone capital

world | 67196654

The country's president has appealed for unity from a nation still struggling with the legacy of Ebola and a long civil war.

 Vietnam internet cable fixed after five months
news 22/04/2022

Vietnam internet cable fixed after five months

news | 375676609

International internet services in Vietnam have returned to normal after repairs on the Asia America Gateway (AAG) undersea cable completed.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…