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Vietnam’s new orders rise at one of fastest record rates

HANOI (XINHUA) – The rate of expansion in the Vietnamese manufacturing sector accelerated at the end of the second quarter with new orders rising at one of the fastest rates on record, according to a report released by S&P Global Market Intelligence yesterday.

The S&P Global Vietnam Manufacturing Purchasing Managers’ Index rose sharply to 54.7 in June from 50.3 in May.

This signalled a third consecutive monthly improvement in the health of the sector, the report said.

A fabric seller waits for customers at a shop in Hanoi, Vietnam. PHOTO: AFP
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