Vietnam’s PMI reaches peak in 18 months

The Purchasing Manager's Index, or PMI, is an indicator of the economic health of the manufacturing sector. This index has reached its peak in the past 18 months at 54 points, according to a recent report from Nikkei.

According to statistics from the State Bank of Vietnam, credit growth in November was at 4%, of which 3.6% went into business production. Experts forecast that ifcredit flow remains stable and companies stockpile orders for the Lunar New Year, PMI is likely to reach a new high this December.