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The Vietnamese manufacturing sector ended the first half of 2022 firmly in expansion mode as a lack of disruption from the pandemic supported demand and production. Firms were also increasingly successful in efforts to hire additional staff, with the rate of job creation quickening to a new high. Increased staffing capacity enabled firms to keep on top of workloads, with backlogs reduced for the second time in the past three months. Meanwhile, the shipping of finished items to customers meant that post-production inventories decreased again in June. Further marked increases were seen in both output and new orders at the end of the second quarter, as relative market stability due to a lack of pandemic disruption enabled demand to grow. Rates of expansion were particularly pronounced in the consumer goods category. Meanwhile, the growth of new export orders quickened to the fastest pace in four months, despite some reports that shipping difficulties had limited opportunities to … [Read more...] about Manufacturing sector ends the first half of 2022 in good health

Ngoc Thao from HCMC, 32, said that one kilogram of bacon now costs between VND150,000-180,000 ($6.43-7.72), depending on whether it is purchased at a traditional wet market or a supermarket. Cheaper cuts of pork, such as cutlet and thigh, range from VND100,000-130,000 per kilogram, which is twice or thrice the price of chicken. "The prices of vegetables, spices and many other things have skyrocketed, but my salary remains unchanged, so I must cut back on my spending on expensive stuff," she said, sighing. "Now our family has meat only for one or two meals per week." A VnExpress survey of livestock farms at the end of June found that the price of live pigs had crossed VND60,000 per kg, a slight increase from previous days. The majority of farmers said the price has increased because the cost of animal feed has increased. Prices of new born pigs have also increased by 20 percent compared to two months ago. According to the Organization for Economic Cooperation and … [Read more...] about As prices rise, Vietnamese fork out less for pork

An investor watching stocks' movements at a trading floor of SSI Securities in Ha Noi. — VNS Photo Doan Tung In the first half of 2022, both market's benchmark index and liquidity plunged sharply, with the VN-Index posting a dip of over 20 per cent, making it one of the world's worst-performing stock markets. Market capitalisation lost over US$53 billion In the first six months of this year, especially from April until now, the Vietnamese stock market has witnessed a significant decline and fell below the 1,200 threshold as bottom-fishing demand was not strong enough. After six months, VN-Index plummeted by 20 per cent, while the HNX-Index recorded a decrease of 41.4 per cent year-on-year. According to China-based stock database Stockq, a drop of more than 20 per cent has made the VN-Index one of the worst-performing stock indices in the world during that period. Data from Bloomberg showed that the benchmark closed June at 1.1976 points, equivalent to a price to earning … [Read more...] about Viet Nam among world’s worst performing stock markets in first half