ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Nikkei PMI

Vietnam manufacturing PMI hits four-month high in April

TOKYO -- Growth in Vietnam's manufacturing sector hit a four-month high in April thanks to increased employment and a solid rise in new orders, according to a survey.

The Nikkei Vietnam Manufacturing Purchasing Managers' Index, or PMI, rose from 51.9 in March to 52.5 in April, moving further above the 50-point line separating expansion from contraction.

New orders continued to rise at a similar clip with March, as did exports. The growth led to  an increase in employment, the first rise in three months, with the pace slightly faster than average.

"Firms gained confidence that the soft patch at the start of the year is now a thing of the past," said Andrew Harker, Associate Director at IHS Markit, which complies the survey.

"There was still a reluctance to raise selling prices, however, in spite of a pick-up in the rate of cost inflation, but this will likely change should solid inflows of new work continue in coming months."

(Nikkei)

For more information, visit IHS Markit website.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media