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VCSC Daily - Stocks extend steady climb; oil boosts energy names - Viet Capital

Vietnam’s PMI recovers in June after hitting 14-month low in May. Vietnam’s Purchasing Managers’ Index (PMI) bounced back to 52.5 in June after falling to a 14-month low at 51.6 in May. The above-50 PMI in June indicated that Vietnam’s manufacturing sector has expanded over the last 19 months. The improvement in Vietnamese manufacturing in June was mainly attributed to a solid rise in the number of new orders, which supported increases in production, employment and purchasing activities.