A survey on manufacturing enterprises conducted by Navigos has found that more than 50 percent of businesses reported a revenue drop of 10-40 percent. Of this, 44 percent of textile & garment and footwear enterprises, and 35 percent of building material manufacturing enterprises reported a sharp fall of 20-40 percent in revenue.
The survey also found that in the first nine months of the year, some products saw revenue drop dramatically compared with the same period last year, including automobiles (- 19.3 percent), bar steel (- 14.4 percent), mobile phones (- 12.8 percent), motorbikes (- 8.4 percent), leather shoes (- 5.3 percent), cement (- 4.3 percent), exploited crude oil (- 3.7 percent) and casual clothing (- 3.6 percent).
Vietnam’s Purchasing Managers’ Index (PMI) of S&P Global was 49.7, dropping again after it climbed to 50.5 points one month before. The index showed a…
