ECONOMY | Staff Reporter, Vietnam

Vietnam's manufacturing growth grows to 52.5%

Automobile growth breathed back life into the sector.

Vietnam's manufacturing sector broke its two month decline after its purchasing managers' index (PMI) rebounded to 52.5 in June to 51.6.

According to OCBC Treasury Research, this may allay fears of a deeper slump.

Growth in the automobile industry drove the hike in production, especially after Toyota and PSA set their sights onto the country to produce cars for the domestic economy.

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