Pmi

Employment rose for the first time in seven months as demand improves.

Business sentiment picked up from the 15-month low seen in August as firms generally expect output to recover over the coming year.

Vietnam’s manufacturers are facing an uphill task to keep operation amid restriction measures.

Firms remained optimistic overall of output growth over the coming year.

Firms remained optimistic overall that output will increase over the coming year.

Business sentiment eased to a three-month low on worries about the Covid-19 outbreak, but firms remained optimistic overall that output will increase over the coming year.

Hopes that these trends will continue and that the Covid-19 pandemic will come to an end supported the greatest business confidence since mid-2019.

The health of the sector has now strengthened in three successive months.

While the Vietnamese economy remains one of the better performers globally, there are significant headwinds that could prevent a return to the stellar growth rates seen pre-pandemic in the near-term at least.

Firms are confident looking ahead to the coming year, with hopes that export demand in particular will recover should the Covid-19 pandemic be brought under control worldwide.