Vietnamese manufacturing continues recovery in October

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 posting 51.8 in October.

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According to the survey released by Nikkei and IHS Markit on November 2, the index was down marginally from 52.2 in September but still signalling an improvement in the health of the sector.

The COVID-19 pandemic continued to cause issues in supply chains during October. Suppliers’ delivery times lengthened to a greater extent than in September. Alongside the direct impacts of the pandemic, shortages of materials and poor weather conditions reportedly contributed to delivery delays.

Reports from the General Statistics Office also showed Vietnam’s industrial production rose by 5.4 percent year-on-year in October, after a 3.8 percent gain a month earlier.

This was the strongest increase in industrial output since June, amid intensive public health measures to contain the spread of the coronavirus outbreak in the country, with output expanding much faster for both manufacturing./.

VNA