Vietnam’s PMI highest in 9 months

by VTV406 May 2016 Last updated at 11:00 AM

VTV.vn - On May 5th, HSBC anticipated that Vietnam’s manufacturing output will continue to expand in the following months as the Purchasing Managers' Index (PMI) in the country surged to a nine-month high, despite a gloomy scenario in the region.

The Nikkei PMI soared from 50.7 in March to 52.3 in April, which showed a sign of recovery in the second quarter of this year.

Productivity and new export orders also continued to climb in April. Higher recruitment levels reflected a brighter business prospect. HSBC also acknowledged that the possibility of Vietnam’s production recovering presents the country’s success in market expansion in the context of the global trade downturn. It noted the remarkable outcome came mainly from foreign direct investment (FDI), which has continued to flow to the country in 2016.

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