Macroeconomics: Weak external demand will weigh on Vietnam’s exports

Research date: 19/04/2023
This is an abstract of the Research Reports. Please click 'View Online' or 'Download' to access the full report
External demand has weakened amid rising inflation, tightening monetary conditions and slowing economic growth. Like Vietnam, other export-oriented countries like China, Mexico and Taiwan experienced similar decline in exports and new orders. Vietnam's Manufacturing Purchasing Manager Index (PMI) fell to 47.7 in March 2023; below 50 mark for the second time within the first quarter. This signals further weakness in new business and export orders and manufacturing outputs in the coming month
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