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 53.8 in November 2025, from a fifteen-month high of 54.5 in the previous month. Still, the latest reading signaled the fifth consecutive month of expansion and the second-strongest pace in the sequence, as output rose for the seventh straight month amid growth in new orders. However, the pace of expansion in both output and new business moderated, as adverse weather conditions constrained production activity. This severe weather also disrupted supply chains and hindered manufacturers’ ability to complete orders on schedule. On the pricing front, input costs surged to its highest level since July 2024, while output prices remained elevated as manufacturers passed higher input costs onto customers. Finally, overall business sentiment reached a seventeen-month high, underpinned by expectations of renewed growth in new orders and optimism for more favorable weather conditions in the coming months.