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Vietnam's July PMI falls to 43..6 from 46.6 previously, the 4th consecutive month in contraction...

Vietnam's July PMI falls to 43..6 from 46.6 previously, the 4th consecutive month in contraction and the lowest level since the survey began in April 2011. Interestingly, notes HSBC, it's slowing domestic business behind most of the decline as export orders, i.e., business to China and Europe, fell just modestly. VNM +21.3% YTD, but off 16.6% the last 3 months.
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