The Vietnamese manufacturing sector remained in contraction territory but showed some signs of stabilization, according to a report released by S&P Global Market Intelligence on Tuesday.
Softer declines were seen in output, new orders and employment, while business confidence picked up in the opening month of the third quarter of the year, the report said.
The S&P Global Vietnam manufacturing Purchasing Managers’ Index (PMI) rose to 48.7 in July from 46.2 in June, signaling a fifth successive monthly deterioration in operating conditions, albeit one that was only modest and the weakest in this sequence.—Xinhua
