Weekly Vietnam Economy News (2 – 7/10, 2020)

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In this article, we will provide new information about Vietnam Economy.

Businesses in Ho Chi Minh City are back when the pandemic calms down

Businesses in Ho Chi Minh City are back when the pandemic calms down - lookoffice.vn

Ho Chi Minh City – More than 6,000 businesses in Ho Chi Minh City have been back online since the prevention of the COVID -19 pandemic, and more than 30,000 new businesses with a capital of 696 trillion dongs were established this year, the city president said.

There are more than 438,000 businesses in the city, accounting for 32 percent of the country’s total, 54 percent of the city’s economy, and 67 percent investment.

The proportion of individuals and businesses with electronic accounts for payment will exceed 85%.

Vietnam’s manufacturing PMI returned to growth territory in September

Vietnam's manufacturing PMI returned to growth territory in September - lookoffice.vn

Vietnam’s manufacturing sector rebounded in September as concerns about the 2019 coronavirus outbreak (COVID-19) eased. Both output and new orders increased, while business confidence was strengthened.

Vietnam’s Purchasing Managers’ Index (PMI) rallied above the 50.0 marks in September, to 52.2 from 45.7 in August. Readings point to the first improvement in the event. business for three months and most marked since July 2019.