"New orders fall markedly in May on US tariffs’ impact", 2 June 2025

New orders continued to fall in May as US tariffs impacted demand for exports...

As was the case in April, new orders decreased during May, with survey respondents linking the latest fall to tariffs and subdued market demand, the report wrote.

However, greater stability around tariff policies reportedly helped to support the renewed rise in production, while capacity improvements were also mentioned. Business confidence improved in May amid more stable tariff policies.

According to the Economics Director at S&P Global Market Intelligence, Andrew Harker,the news around tariffs continues to play a key part in determining trends in the Vietnamese manufacturing sector...