Hanoi (VNA) - The Nikkei Vietnam Manufacturing Purchasing Managers’ Index(PMI) rose to a 22-month high of 54.6 in March from 54.2 in February.
Accordingto a Nikkei’s report released on April 3, the Vietnamese manufacturing sectorended the first quarter of the year on a positive note. The strengthening ofbusiness conditions was the most marked since May 2015.
Inaddition, Vietnam’s reading remained the highest among ASEAN countries, thereport wrote.
Accordingto IHS Markit, which compiled the survey, improving client demand led toanother sharp rise in new orders during March. The rate of growth in new exportorders accelerated and was the fastest this year, so far.
"Particularlypleasing in the latest month was a near-record increase in employment ascompanies maintained optimism that workload will continue to expand in the nearterm at least," Andrew Harker at IHS Markit said.
"Themanufacturing industry therefore looks set to continue to be a key driver ofGDP growth in the first quarter and hopefully throughout 2017, for which HISMarkit forecasts a rise of 6.4 percent," he added.-VNA
The Vietnamese manufacturing sector ended 2016 on a positive note, with the Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) coming second among the top three PMIs in ASEAN region.
Investment and individual consumption will fuel Vietnam’s economic growth in the year, according to Pham Hong Hai, Chief Executive Officer for Vietnam at HSBC Holdings.
Prime Minister Nguyen Xuan Phuc directed taking measures to promote the growth of gross domestic product (GDP) during the Government’s March meeting in Hanoi on April 3.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: cafef.vn) 
