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Vietnam's Manufacturing PMI 'Manufacturing Purchasing Managers Index' Continues Growth in May 2019
Vietnam's manufacturing sector improved further in May, aided by a surge in production and new orders.
Vietnam PMI (Purchasing Manager's Index) fell slightly to 52.0 in May from 52.5 in April. Numbers above 50 indicate expansion and numbers below 50 indicate contraction.
Consumer demand improved and new orders from domestic and foreign customers increased.
Business confidence has reached a six-month high.
Falling PMI 'Manufacturing Purchasing Managers Index' Decreases Employment

IHS Markit Associate Director Andrew Harker said:
“There appears to be a labor supply problem. Resignations and retirements are leading to lower employment levels despite improving demand and output.”
"Although the PMI has declined, it could head up in the coming months if demand remains strong and companies hire new people to replace retirees," Harker said.
Asian Development Bank ADB predicts Vietnam's economic growth rate (2019) to be 6.8%
The PMI showed a slight decline in May, but the index is above 50, indicating a booming economy. In fact, the Asian Development Bank's ADB forecast for GDP growth in 2019 is 6.8%, one of the highest levels in Asia.
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A real estate agent (with Level 1 bookkeeping qualification) who has been based in Ho Chi Minh City for six years.
Representative of Suzuki Property Vietnam.
To date, we have brokered over 1,000 rental transactions and over 200 sales transactions, primarily with Japanese clients.
We specialize in serviced apartments, condominiums, office brokerage, and real estate contract support for foreigners, and provide support in Japanese, English, and Chinese.