A garment factory of the Maxport Limited Vietnam in Thai Binh province. (Photo: VNA) HCM City (VNA) – The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 49.7 in September, compared to 50.5 in August, despite the second successive monthly increase in new orders. S&P Global said that after improving in August, overall business conditions in the Vietnamese manufacturing sector declined marginally in September. Underlying data pointed to a strengthening demand environment and growing business confidence, but also a degree of spare capacity in the sector which led to reductions in output and employment. Rates of inflation gathered pace, with both input costs and output prices rising more quickly at the end of the third quarter. The PMI stood at 49.7 points in September, back below the 50.0 no-change mark following a reading of 50.5 in August. The index thereby signalled a deterioration in business conditions for Vietnamese manufacturers, … [Read more...] about Vietnam’s PMI falls slightly, new orders increase in September
Andrew sullivan hong kong
Wrecks smear riverbank in Vietnam’s Nha Trang
Shipwrecks have been left abandoned on the bank of a river in Nha Trang City, Khanh Hoa Province, south-central Vietnam for years, causing environmental pollution there. Nguyen Thi Ha, 49, living near the bank of the Tac River in Nha Trang, said, “These wrecks have been lying here for a long time but they have yet to be salvaged and handled. Planks and plastic panels from the ships float on the water, causing pollution.” Most of the broken ships there were salvaged after sinking at sea, Tran Hoc, a 45-year-old fisherman, affirmed. The ship owners left them there as it costs nearly VND100 million (US$4,118) to repair each of such ships. “We can clean up garbage ashore but these ships are their assets. Many ship owners have even traveled to other places to earn their living and we could not contact them,” Hoc explained. These shipwrecks are left abandoned by their owners. Photo: Minh Chien / Tuoi Tre These wrecks have been left on the riverbank for nearly a … [Read more...] about Wrecks smear riverbank in Vietnam’s Nha Trang