(VOVWORLD) - Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 49.8 in May, up from April’s 45.6, according to the S&P Global’s report released on Monday.
 A factory is manufacturing garments for export to the US and EU markets. (Photo: Tran Viet/VNA)
|
Greater stability around tariff policies is attributed to supporting the renewed rise in production, while capacity improvements were also mentioned. Notably, business confidence improved in May as tariff policies became more stable.
Andrew Harker, economics director at S&P Global Market Intelligence, said the news around tariffs continues to play a key part in determining trends in the Vietnamese manufacturing sector.
May saw a more stable picture in terms of US tariff policies than April, helping lead to a renewed expansion in output and improved business confidence, said Harker.