Vietnam's manufacturing production continues to rise despite storm disruption

HANOI, Dec. 1 (Xinhua) -- Output, new orders and employment in Vietnam's manufacturing sector in November continued to rise, despite reports of disruption caused by severe storms, according to a report released by Standard & Poor's (S&P) Global Market Intelligence on Monday.

The S&P Global Vietnam Manufacturing Purchasing Managers' Index posted 53.8 in November, down slightly from 54.5 in October but still signalling a solid monthly improvement in business conditions in the manufacturing sector, according to the report.

Vietnam's new export orders increased at a faster pace, with the rate of growth quickening to a 15-month high.

Andrew Harker, economics director at S&P Global Market Intelligence, predicted that there would be the potential for continued growth in the months ahead as firms catch up with delayed projects.

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