Vietnam secures status as reliable and responsible global member in pandemic era
International praise for Vietnam is soaring at a time when many part of the world severely impacted by disinformation in the aftermath.
International praise for Vietnam is soaring at a time when many part of the world severely impacted by disinformation in the aftermath.
Business sentiment dropped to the lowest since this series was added to the survey in April 2012 amid concerns around the effects of Covid-19.
The UN has taken Vietnam as an example in combating the virus in the first stage.
From a longer-term perspective, Vietnam will benefit as companies further accelerate moves to diversify their manufacturing operations away from China.
Covid-19 has severely hampered the Vietnamese manufacturing sector in February, both on the demand and supply side.
New orders expanded for the forty-ninth month running at the end of 2019, linked by respondents to stronger customer demand.
This is the second consecutive year that Vietnam’s economy expands over 7%, following a 10-year high GDP growth of 7.08% in 2018.
The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) registered 51.0 in November, up from the neutral reading of 50.0 in October.
If including VND2,101.3 trillion (US$90.85 billion) of additionally capital pumped by operational enterprises, total registered capital added to the economy in Jan-Nov was VND3,675.7 trillion (US$158.92 billion).
For the eleven-month period, the mining industry growth declined by 21.9% year-on-year while manufacturing and processing was up 8.3%.