Vietnam’s labourer recruitment in October strongest since early this year: HSBC

20-Nov-2014 Intellasia | BizLive | 6:00 AM Print This Post

HSBC’s report released on November 17 shows that the Emerging Market Index (EMI) fell from 52.5 points in September to 51.5 points in October, the lowest increase within five months.

This reflects the weakened output growth in all emerging markets in the world.

The four largest emerging markets achieved low output in October. China had the weakest development since July while the growth in India has been slow for the fifth consecutive month.

Private enterprises in Brazil said that the output declined for the sixth time within seven months with the fastest speed since May 2009.

The output in Russia also dropped for the first time within five months. The new export orders decreased markedly since September, making the recruitment activity to be shrunken. The tension from inflationary pressure has also weakened the domestic rouble.

In Vietnam alone, the business condition of the manufacturing industry was assessed by HSBC to have had slight improvement in October. The employment rate has risen most sharply since January due to the increase in production and new orders. Meanwhile, vendors have shortened the delivery time for the first time in ten months.


Category: Economy, Vietnam

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