The Vietnamese manufacturing sector looks set to be a star performer again in 2020, helping to support impressive growth in the wider economy, said Andrew Harker, associate director at IHS Markit.
New orders expanded for the forty-ninth month running at the end of 2019, linked by respondents to stronger customer demand.
The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) registered 51.0 in November, up from the neutral reading of 50.0 in October.
Tariffs were a major reason behind the decline in US imports from China.