Vietnam Manufacturing PMI

Last Release

Jul 31, 2024

Actual

54.7

Units In

Points

54.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
56.5 Nov 2018	32.7 Apr 2020	50.8 Points	2012-2024	Markit Economics

The IHS Markit Vietnam Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The S&P Global Vietnam Manufacturing PMI rose to 50.5 in March 2025 from 49.2 in the previous month. This marked the first expansion in factory activity since November 2024, primarily driven by an increase in production, which grew for the first time in three months and at the fastest pace since August 2024. Similarly, new orders showed a modest return to growth, despite continued softness in international demand. However, staffing levels continued to decline for the sixth consecutive month, mainly due to ongoing weak demand and staff resignations. On the pricing front, while higher costs for some imported goods led to a rise in input prices in March, some suppliers reduced prices in response to subdued demand for inputs. Overall, sentiment remained positive, bolstered by the increase in new orders and hopes for stable demand. However, optimism remained below the series average, reflecting cautious expectations.