Vietnam Manufacturing Sector Steady In May - S&P Global
(RTTNews) - The manufacturing sector in Vietnam was unchanged in May, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.3.
That was steady from the April reading and it remained above the boom-or-bust line of 50 that separates expansion from contraction.
New orders increased solidly again in May as a strengthening demand environment helped firms to secure new customers and bring in new business. The rate of expansion was slightly softer than that seen in April, however.
Meanwhile, new export orders also increased, albeit to a lesser extent than total new business. The expansion of total new business encouraged manufacturers to raise their production volumes for the second month in a row. Moreover, the rate of growth quickened to the fastest since September 2022.
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