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Vietnam’s manufacturing PMI remains in contraction in December

HANOI, Jan. 2 (Xinhua) — The Vietnamese manufacturing sector ended 2023 in contraction mode with the manufacturing Purchasing Managers’ Index (PMI) standing at 48.9 in December, remaining below the 50.0 no-change mark, according to an S&P Global Market Intelligence report released on Tuesday.

This signaled a fourth consecutive monthly decline in business conditions in the sector, said the report.

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