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.

The sector saw a softer contraction than in April as the Covid-19 pandemic was brought under control in Vietnam.

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Foreign manufacturers have said they are considering either leaving Vietnam for other regional countries which have a more competitive investment environment, or stopping their production activities in Vietnam. 

 VietNamNet Bridge – Growth in the Vietnamese manufacturing sector gathered momentum at the start of 2014, highlighted by the strongest rise in output since April 2011, and the fastest rise in purchasing activity in the survey’s history.

 Slower growth in manufacturing sector; Strict control on gas prices; Hanoi’s efforts to iron out snags for businesses; An Giang to ship main products to Netherlands; Vietnam’s rice export price surpasses Thailand