Vietnam’s manufacturing sector faces declining path

Weak demand: A file picture showing a wind turbine factory in Vietnam. Output and the number of new orders in the country, in general, have decreased sharply with companies looking to cut jobs and reduce purchases. — Bloomberg

HANOI: Vietnam’s manufacturing sector continues a declining path with economists and industry insiders saying weak demand is a major contributor, according to a report published by S&P Global.

They said output and the number of new orders have decreased sharply with companies looking to cut jobs and reduce purchases.