HSBC: Vietnam’s manufacturing growth continues in June
According to the Hong Kong-Shanghai Bank Corporation (HSBC), Vietnam’s June manufacturing activity saw improvement despite a slow rate of growth in output and new orders.
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The purchasing managers’ index (PMI) fell slightly to 52.3 from 52.5 in the previous month. New orders rose for the seventh successive month at a solid rate, but slowed for the second month running.
Customer demand was improved, while export orders eased albeit moderately.
The rate of job creation remained marginal. Some companies had to increase the number of workers as a result of a rise in new orders.
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