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Vietnam’s PMI improved but only marginally

S&P Global’s Purchasing Managers Index or PMI has found that Vietnam’s manufacturing sector grew in April but only slightly, per a press release from the firm. The key manufacturing index registered 50.3 up from 49.9 in March.

The survey also found that:

  • The jump in the index was fueled by a rebound in new orders;
  • The new orders were fueled by reduced selling prices in response to requests for discounts from buyers;
  • Oil and shipping prices pushed up input prices; and
  • Firms downsized their workforce in response to lower demand.

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