VINACHEM

Vietnam’s month-on-month growth rate of manufacturing output in July was second highest on record, behind only March 2011, according to data tracker S&P Global.

"A further substantial rise in new orders led manufacturers to ramp up production, with the rate of growth quickening to a near-record high," the company said in its latest report on Vietnam’s manufacturing.

The country’s Purchasing Managers’ Index in July was at 54.7, unchanged from June, and the last time growth was faster was in November 2018.

A PMI of above 50 indicates an expansion in manufacturing purchase compared to the previous month.

Vietnam’s month-on-month growth rate of manufacturing output in July was second highest on record, behind only March 2011, according to data tracker S&P Global.

"A further substantial rise in new orders led manufacturers to ramp up production, with the rate of growth quickening to a near-record high," the company said in its latest report on Vietnam’s manufacturing.

The country’s Purchasing Managers’ Index in July was at 54.7, unchanged from June, and the last time growth was faster was in November 2018.

A PMI of above 50 indicates an expansion in manufacturing purchase compared to the previous month.  – VNEXPRESS –