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 fell to 48.9 in June 2025 from 49.8 in May, marking the third consecutive month of contraction. New orders declined further, especially from overseas amid the impact of US tariffs. The drop in new export orders was the joint-fastest since September 2021, matching that of May 2023. As a result, firms cut staffing levels but still managed to deplete backlogs. Purchasing activity declined for a third month, while stocks of inputs and finished goods were scaled back sharply, posting the steepest falls in nine and five months, respectively. Despite subdued demand, output rose for a second month. Meanwhile, input costs rose in June after the first drop in nearly two years, amid material shortages and a weaker dong against the US dollar. This prompted firms to raise their output prices, ending a five-month decline. Finally, business confidence improved further from April’s 44-month low, buoyed by hopes for market stability and easing trade tensions.