The Vietnam Manufacturing Purchasing Managers' Index (PMI) remained at 40.2 in September.
The Index of Industrial Production for August has dropped by 4.2 per cent from July, and a 7.4 per cent decrease year-on-year. However, IIP for the year so far has increased by 5.6 per cent year-on-year.
Data shows that industrial production index in the first five months of the year advanced 9.9 percent year-on-year, with manufacturing and processing up 12.6 percent.
The Ministry of Industry and Trade’s (MOIT) report on industrial production and trade activities in H1 showed that Vietnam’s great achievements in containing the epidemic were highly appreciated by the international community.
The industrial production index went down in November with the decline of both mining and manufacturing industries. This is a big surprise in the context of stable global and domestic demand.
Vietnam’s economy remains positive despite the slowdown in global economic growth, especially in Asia, over the last 11 months, Prime Minister Nguyen Xuan Phuc said while chairing the Government’s regular meeting for November on December 2.