HANOI, June 2 (Xinhua) -- New orders of the Vietnamese manufacturing sector continued to fall in May as U.S. tariffs reportedly impacted demand for exports in particular, according to a report released by S&P Global Market Intelligence on Monday.
The S&P Global Vietnam Manufacturing Purchasing Managers' Index posted below the 50.0 no-change mark for the second consecutive month in May, but rose to 49.8 from 45.6 in April to signal a near-stabilization of business conditions in the sector, said the report.
While new orders continued to fall, output returned to growth in May following a decline in April.
Andrew Harker, economics director at S&P Global Market Intelligence, said, "The news around tariffs continues to play a key part in determining trends in the Vietnamese manufacturing sector."
"As we approach the mid-point of the year, eyes will remain on U.S. tariff policy to see how the Vietnamese manufacturing sector will be affected," he said. ■
