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Contraction Accelerates For Vietnam Manufacturing Sector

The manufacturing sector in Vietnam continued to contract in March, and at a faster rate, the latest survey from IHS Markit revealed on Wednesday with a manufacturing PMI score of 41.9.

That's down from 49.0 in February and it slips further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, last month saw the sharpest declines in output, new orders and employment in survey history.

Business confidence tumbled, while firms scaled back purchasing and inventory holdings.

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