4Q22 started off on a weaker note, which is unsurprising given slowing global sentiment and Vietnam’s large exposure to exports.
What matters for central banks is the degree of pass-through from non-core (energy and food) to core items.
Vietnam Manufacturing PMI surged to 52.1 in October 2021 from September's 16-month low of 40.2.
Business sentiment picked up from the 15-month low seen in August as firms generally expect output to recover over the coming year.
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