需求疲软和关税压力导致越南制造业增长放缓

Core Insights - The S&P Global report indicates that Vietnam's manufacturing sector continued to grow in August 2025, but the growth rate has slowed due to weak demand [1] - The PMI for August remained above the critical point of 50, indicating a slight improvement in manufacturing conditions for the second consecutive month, although it decreased from 52.4 in July to 50.4 in August, suggesting minimal improvement [1] - The report highlights a decrease in new orders in August, following a growth in July, with the decline attributed partly to U.S. tariff policies, which have led to a continuous drop in new export orders for ten consecutive months, with August's decline being significantly larger than the overall drop in new orders [1]