Vietnam manufacturing output increase for first time in 3 months
The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) registered 51.0 in November, up from the neutral reading of 50.0 in October.
The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) registered 51.0 in November, up from the neutral reading of 50.0 in October.
In 2018, the bilateral trade turnover reached US$7.7 billion, up 19.3% year-on-year, including Vietnam’s exports of US$4 billion to Australia.
A major pillar of the Vietnam – Russia strategic partnership is trade and economic cooperation, in which the Vietnam – Russia Expo plays a significant part, according to Russian Foreign Minister Sergei Lavrov.
Vietnam's economic expansion has been driven by strong FDI, mostly into the manufacturing sector, and steady export growth.
2019 will the second consecutive year that the Vietnamese government would achieve and beat 12 key social-economic goals, including the GDP growth target of 6.8%.