Vietnam manufacturing still contracts in December 2023

January 05, 2024

HCMC – Vietnam’s manufacturing industry continued to contract in December last year, with the S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) staying at 48.9. The average PMI reading for the year was at its lowest since the Covid-19 outbreak in 2020. “The final month of the year was indicative of the picture for much of 2023 in the Vietnamese manufacturing sector, with subdued demand limiting production volumes. The S&P Global Vietnam Manufacturing PMI is a monthly index that measures the performance of the Vietnamese manufacturing sector. It is compiled from responses to questionnaires sent to purchasing managers at some 400 Vietnamese manufacturing companies.

The source of this news is from The Saigon Times