Vietnam's January PMI edges up to 50.1 from 49.3 in December. "Lackluster" overseas demand led...

|By:, SA News Editor

Vietnam's January PMI edges up to 50.1 from 49.3 in December. "Lackluster" overseas demand led to a solid decrease in new export orders, with manufacturers reporting lower levels of new work from the EU and (to a lesser extent) China. VNM was off 4.4% today, but it's up 18.9% YTD thanks to a series of rate cuts as well as movement to allow greater foreign ownership of shares.