HANOI, Sept. 3 (Xinhua) -- Vietnam's manufacturing output expanded at its fastest pace in over two years in August, with new orders also rising sharply amid new product development and improving customer demand, according to a report from S&P Global Market Intelligence on Thursday.
The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 53.3 in August from 52.9 in July.
The latest strengthening of business conditions in the sector was solid and the most pronounced since February, the report said.
It also noted that new orders grew at their fastest pace since last October.
"The Vietnamese manufacturing sector began to motor midway through the third quarter of the year. As of August, growth in output and new orders has not only returned to the marked rates seen at the start of the year, but surpassed them," said Andrew Harker, economics director at S&P Global Market Intelligence. ■
