Manufacturing sector stocks

HSBC: Manufacturing sector growth slows in August Dinh Duy By Dinh Duy - The Saigon Times Daily HCMC – The latest Purchasing Managers’ Index (PMI) data of HSBC Bank showed another slight loss of momentum in the Vietnamese manufacturing sector as output growth slowed and new orders slid in August. The bank said in a report released on September 3 that the growth rate of manufacturing output eased again last month, and was the slowest in the current 11-month sequence of expansion. Stocks of finished goods rose at a solid pace amid delays in products delivered to clients. Transportation issues linked to the enforcement of weight restrictions on trucks also impacted on suppliers’ delivery times and contributed to another sharp rise in input prices. The bank’s PMI indicated 50.3 last month, down from 51.7 in July and falling for the fourth consecutive month to signal the weakest improvement in business conditions since November 2013. Behind the slower rise in … [Read more...] about HSBC: Manufacturing sector growth slows in August

HSBC: More orders support manufacturing sector Dinh Duy By Dinh Duy - The Saigon Times Daily HCMC – A pickup of new business orders contributed to improving operations of the manufacturing sector in Vietnam at the end of the third quarter of the year, according to HSBC Bank. The bank said in a report on September’s Purchasing Managers’ Index (PMI) on Wednesday that the rates of growth in output and employment were slight following the dip in new orders in August while the input cost increase eased for the second month in a row and was the slowest since June 2013. The headline seasonally adjusted PMI rose to 51.7 in September from 50.3 in the previous month. The reading signaled a stronger improvement in operating conditions in the manufacturing sector than in August, albeit one that remained only modest. Business conditions have now strengthened in each of the past 13 months. The bank said the improvement in operating conditions was backed by a rebound in new … [Read more...] about HSBC: More orders support manufacturing sector

Manufacturing sector maintains growth in January Dinh Duy By Dinh Duy - The Saigon Times Daily HCMC - Vietnam’s manufacturing sector retained its growth momentum last month as output rose on the back of a stronger expansion in new orders, according to a Nikkei report released on February 1. New orders increased for the second successive month in January, and at a solid rate that was faster than recorded in December. Firms reported that rising demand of clients had been the main factor leading to new order growth, the report said. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) stood at 51.5 in January, up from 51.3 in the previous month. The reading signaled a second consecutive monthly strengthening of business conditions, with the health of the sector improving at a slightly greater pace than seen at the end of 2015. Andrew Harker at Markit, which compiled the survey, said the most pleasing aspect of the latest set of manufacturing PMI … [Read more...] about Manufacturing sector maintains growth in January

Demand for senior staff in manufacturing sector jumps Thai Ngoc By Thai Ngoc - The Saigon Times Daily HCMC – The manufacturing sector had the highest recruitment demand for senior and middle-ranking employees in the third quarter of this year, accounting for 17% of the total demand as indicated in a report released on Monday by Navigos Search. The result of Navigos Search, a leading executive recruitment firm in Vietnam, is consistent with the Purchasing Managers’ Index (PMI) report of HSBC Bank, which showed that the number of orders of the manufacturing sector increased again in September, reflecting a business pickup in the sector in the coming time. The information technology sector posted the strongest growth in demand for senior and middle-ranking personnel during the period, making up 15% of the total. According to economists, the strong growth in the demand for middle- and high-ranking personnel of the information technology industry mainly results from … [Read more...] about Demand for senior staff in manufacturing sector jumps