Strong consumption helps reducing manufacturing's inventories in Vietnam

HANOI, May 6 (Xinhua) -- Inventories of manufacturing sector in Vietnam continued to fall in April thanks to government's measures to boost consumption.

According to the Ministry of Industry and Trade, as of April 1, consumption index of the manufacturing sector increased 41 percent over the previous month and 4.9 percent over the same period in 2012.

Inventories of the sector also as of April 1 posted only 13 percent increase year-on-year, much lower than the increase of 20 percent in previous months, said the ministry.

The Hong Kong and Shanghai Banking Corporation (HSBC)'s report on Purchasing Managers' Index (PMI) showed that inventories of finished goods were depleted for the sixth month running.

The PMI of Vietnam's manufacturing sector posted 51 points in April, up slightly from 50.8 a month ago, signaling improvements in operating conditions for the first time in almost two years.

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