During its meeting on September 14, the Government continued perfecting the legal framework, addressing limitations and solving obstacles to facilitate development.
S&P Global on October 3 released its Purchasing Managers’ Index (PMI) report for Vietnam’s manufacturing industry in September, which reached 52.5 points. There were three highlights: output continued to increase sharply; inflationary pressure eased; and inventories of purchased and finished goods rose. The report shows that Vietnam’s manufacturing industry continued to maintain its growth momentum at the end of the third quarter. New orders are increasing, supporting output, employment, and purchasing activity.
In the week from September 5-9, the interbank interest rate spiked to 7.5 per cent per annum at one point, the highest level since 2012, but then fell to 4.29 per cent thanks to regulating activities by the State Bank of Vietnam, helping to gradually stabilize system liquidity.