Illustrative image (Photo: cafef.vn)Hanoi (VNA) - The Nikkei Vietnam Manufacturing Purchasing Managers’ Index(PMI) rose to a 22-month high of 54.6 in March from 54.2 in February.
Accordingto a Nikkei’s report released on April 3, the Vietnamese manufacturing sectorended the first quarter of the year on a positive note. The strengthening ofbusiness conditions was the most marked since May 2015.
Inaddition, Vietnam’s reading remained the highest among ASEAN countries, thereport wrote.
Accordingto IHS Markit, which compiled the survey, improving client demand led toanother sharp rise in new orders during March. The rate of growth in new exportorders accelerated and was the fastest this year, so far.
"Particularlypleasing in the latest month was a near-record increase in employment ascompanies maintained optimism that workload will continue to expand in the nearterm at least," Andrew Harker at IHS Markit said.
"Themanufacturing industry therefore looks set to continue to be a key driver ofGDP growth in the first quarter and hopefully throughout 2017, for which HISMarkit forecasts a rise of 6.4 percent," he added.-VNA
Inaddition, Vietnam’s reading remained the highest among ASEAN countries, thereport wrote.
Accordingto IHS Markit, which compiled the survey, improving client demand led toanother sharp rise in new orders during March. The rate of growth in new exportorders accelerated and was the fastest this year, so far.
"Particularlypleasing in the latest month was a near-record increase in employment ascompanies maintained optimism that workload will continue to expand in the nearterm at least," Andrew Harker at IHS Markit said.
"Themanufacturing industry therefore looks set to continue to be a key driver ofGDP growth in the first quarter and hopefully throughout 2017, for which HISMarkit forecasts a rise of 6.4 percent," he added.-VNA
VNA
