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Foreign banks may return soon

Foreign banks may return soon

The completion of the sale of Vietcombank stake to foreign buyers in early 2019 and of BIDV at the end of last year may bode well for a comeback of foreign banks to Vietnam in 2020.

Vietnam’s PMI falls to 51.4 in August

Vietnam’s PMI falls to 51.4 in August

The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but falling from 52.6 in July to signal a weaker overall improvement in business conditions.

January-June GDP picks up 6.76 percent

January-June GDP picks up 6.76 percent

Vietnam’s gross domestic product (GDP) expanded 6.76 percent, fueled by stable macro-economy, impressive rice exports, declining unemployment rate, and robust economic production, Director General of the General Statistics Office (GSO) Nguyen Bich Lam said at a press conference on June 28.

Nine-month GDP growth highest in eight years

Nine-month GDP growth highest in eight years

The GDP growth rate for the January-September period was 6.98%, the highest for the same period over the past eight years, the General Statistics Office announced on September 28.

Vietnam takes lead in PMI rankings

Vietnam takes lead in PMI rankings

Vietnam maintained its lead in the ASEAN Manufacturing Purchasing Managers’ Index (PMI) rankings, registering another solid improvement in its goods-producing sector in July, the latest survey from Nikkei’s IHS Markit revealed on August 1.

Vietnam records a sharp rise in new export orders

Vietnam records a sharp rise in new export orders

VOV.VN - The Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 53.9 in May from 52.7 in April, with a record rise in new export orders, according to a report in the Nikkei Asian Review.

PMI rises to 52.5 last month

PMI rises to 52.5 last month

It was a positive end for the Vietnamese manufacturing sector in 2017 with the Manufacturing Purchasing Managers’ Index (PMI) rising to 52.5 in December from November’s 51.4, according to the latest survey from Nikkei’s IHS Markit that released on January 2.