This is per General Office of Statistics data and despite the manufacturing sector experiencing a broad downturn in response to lower demand for Vietnam’s exports, VN Express is reporting. Conversely, S&P Global’s Purchasing Manager’s Index has found the sector to be in contraction for most of this year.
The index recorded growth in production in:
- rubber and plastic products of 9.5 percent,
- tobacco of 9.1 percent,
- prefabricated metal products except machinery and equipment of 8.7 percent,
- metal ore exploitation of 6.3 percent;
- food processing and production of 6.1 percent,
- chemicals and chemical products of 5.9 percent, and
- water exploitation, treatment and supply of 5.3 percent.
It also recorded a decrease in production of:
- other means of transport of 7.3 percent;
- motor vehicles of 4.1 percent;
- crude oil and natural gas exploitation of 4 percent,
- other non-metallic minerals of 3.7 percent, and
- paper and paper products of 2.7 percent.