The Purchasing Managers’ Index (PMI) of Vietnam rose to 53.5 in Aprilfrom 50.7 in the previous month, thereby signalling a solid improvementin business conditions, said HSBC Vietnam and Markit Economics Limited.
The two agencies’ press release issued on May 4said the improvement was the strongest since the series began in April2011. Business conditions have now strengthened in each of the past 20months.
According to HSBC’s experts, driving theoverall improvement in business conditions was a sharp increase in newbusiness as a number of firms reported having secured new customers. Thenumber of new orders from abroad was also surged, contributing to theimprovement. The rate of expansion was the sharpest in the serieshistory.
Higher new orders led to a 19th successivemonthly increase in manufacturing production, with the rate of expansionquickening to the fastest since April 2011.
Manufacturers tookon extra staff in order to help meet production requirements in April.The modest rise in employment followed a decrease in March.
Similarto months since last November, input costs in April decreased.Panellists reported lower costs for materials including oil, iron andsteel, while some respondents had requested price reductions fromsuppliers. The latest fall in input costs was the slowest in fivemonths. Decreasing input prices was the main factor behind a furtherreduction in charges at Vietnamese manufacturing firms.
Increases in new business led to a sharp rise in purchasing activityduring April. Input buying has now risen in each of the past 20 months,with the latest expansion in April was the strongest since April lastyear.
Stocks of finished goods also increased, following a decline in the previous month.
“Growth of the Vietnamese manufacturing sector stepped up a gearin April, with the latest set of numbers the most impressive in thefour-year survey history. Central to the improvement was success forfirms in securing new clients, helped by a continued lack ofinflationary pressure,” Andrew Harker, Senior Economist at Markitwas quoted by the press release as saying.-VNA
The two agencies’ press release issued on May 4said the improvement was the strongest since the series began in April2011. Business conditions have now strengthened in each of the past 20months.
According to HSBC’s experts, driving theoverall improvement in business conditions was a sharp increase in newbusiness as a number of firms reported having secured new customers. Thenumber of new orders from abroad was also surged, contributing to theimprovement. The rate of expansion was the sharpest in the serieshistory.
Higher new orders led to a 19th successivemonthly increase in manufacturing production, with the rate of expansionquickening to the fastest since April 2011.
Manufacturers tookon extra staff in order to help meet production requirements in April.The modest rise in employment followed a decrease in March.
Similarto months since last November, input costs in April decreased.Panellists reported lower costs for materials including oil, iron andsteel, while some respondents had requested price reductions fromsuppliers. The latest fall in input costs was the slowest in fivemonths. Decreasing input prices was the main factor behind a furtherreduction in charges at Vietnamese manufacturing firms.
Increases in new business led to a sharp rise in purchasing activityduring April. Input buying has now risen in each of the past 20 months,with the latest expansion in April was the strongest since April lastyear.
Stocks of finished goods also increased, following a decline in the previous month.
“Growth of the Vietnamese manufacturing sector stepped up a gearin April, with the latest set of numbers the most impressive in thefour-year survey history. Central to the improvement was success forfirms in securing new clients, helped by a continued lack ofinflationary pressure,” Andrew Harker, Senior Economist at Markitwas quoted by the press release as saying.-VNA
