Vietnam's economic expansion has been driven by strong FDI, mostly into the manufacturing sector, and steady export growth.

For the eleven-month period, the mining industry growth declined by 21.9% year-on-year while manufacturing and processing was up 8.3%.

If including VND2,101.3 trillion (US$90.85 billion) of additionally capital pumped by operational enterprises, total registered capital added to the economy in Jan-Nov was VND3,675.7 trillion (US$158.92 billion).

The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) registered 51.0 in November, up from the neutral reading of 50.0 in October.

This is the second consecutive year that Vietnam’s economy expands over 7%, following a 10-year high GDP growth of 7.08% in 2018.