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Tuesday, May 21, 2024

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Unlocking opportunities in Asian markets

Do Hoa, a member of the advisory council for Harvard Business Review, spoke to The Saigon Times, emphasizing the need for Vietnam to pay more attention to the ASEAN market, alongside leveraging opportunities in the Chinese market. While acknowledging signs of recovery in the manufacturing sector, he noted that significant growth has yet to materialize. Not a very bright picture The Saigon Times: Signs of recovery of the manufacturing sector were noted in the first two months of the year. The Purchasing Managers’ Index (PMI) in February was 50.4 points, slightly higher than 50.3 in January. What is the main reason for this recovery and would this trend continue in the following months? Do Hoa: Merchandise imports and exports increased remarkably in January and decreased quite strongly in the following month. In specifics, Vietnam’s merchandise import-export turnover in February was estimated at US$48.54 billion, down 25.8% over the previous month. Exports in January and February were US$33.57 billion and US$24.82 billion, up 42% and 5% over the corresponding period last year, respectively. Imports in January and February were US$30.65 billion and US$23.72 billion, up 33.3% and 1.8% over the same period last year, respectively. According to many experts, the import-export […]
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