Sai Dong Garment Company workers producing shirts for export to the US, the EU and Japan. Amid the Covid-19 crisis, most companies have to lay off a large number of employees to cope with the pandemic. Only some large-scale companies can maintain their workforce. - Vietnam News/Asian News Network
HANOI, Aug. 3 (Xinhua): Vietnam's Purchasing Managers' Index (PMI), which measures the economic health of the country's manufacturing sector, dipped back below the 50.0 no-change mark in July, posting 47.6 from 51.1 in June, a report compiled by the London-based global information provider IHS Markit revealed on Monday.
The Vietnamese manufacturing sector saw declines in output and new orders as the Covid-19 pandemic continued to impact business conditions. Employment decreased again while purchasing activity was reduced, said the report.
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