Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by the London-based global information provider IHS Markit.

Business activities in the Vietnamese manufacturing sector improved, as the number of new orders jumped in February due to the rising demand from the global market, which, in turn, saw firms raising output, staffing levels and purchasing activity.

The Vietnam Manufacturing Purchasing Managers' Index (PMI) was 51.3 in January, down from 51.7 in December, to signal a softer improvement in business conditions at the start of 2021.

The Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped fractionally below the 50.0 no-change mark to 49.9 last month, signalling broadly unchanged business conditions during the month.

The start of the fourth quarter of the year saw the continued recovery of the Vietnamese manufacturing sector, with the country’s Manufacturing Purchasing Managers' Index (PMI) posting 51.8 in October.

Manufacturing sector returned to growth in September as concerns around the outbreak of the COVID-19 pandemic in the country eased. Both output and new orders increased, while business confidence strengthened, and the rate of job cuts softened.

VOV.VN - The Vietnam Manufacturing Purchasing Managers’ Index (PMI) suffered a sharp fall from 47.6 in July to 45.7 in August due to the impact of the novel coronavirus (COVID-19) pandemic, according to a survey released on September 1 by IHS Markit.