Keyword: "PMI"

Soaring oil prices drove up fuel, transportation and logistics expenses, with nearly half of surveyed firms reporting higher input costs – the sharpest increase since April 2022.

Manufacturing production increased rapidly in February, with the rate of expansion quickening to a 19-month high. Panellists reported that the preparation of products ahead of delivery to clients and stronger customer demand were behind the latest rise in output.

January marked the seventh consecutive month of expansion for the manufacturing sector, underscoring the resilience of the recovery and a firm start to 2026.

Andrew Harker, economics director at S&P Global Market Intelligence, said: "The Vietnamese manufacturing sector ended a turbulent year on a positive note, with output and new orders rising solidly again and business confidence hitting a 21-month high."

November's PMI stands at 53.8, slightly below October’s 54.5 but still well above the 50-point threshold, signalling continued improvement in business conditions in Vietnam and a fifth month of manufacturing recovery despite weather-related supply disruptions. 

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) increased to 54.5 in October, up from 50.4 in September, according to S&P Global’s latest report released on November 3.

Among the seven countries surveyed by S&P Global in July, Vietnam led with a PMI of 52.4, well above the ASEAN average of 50.1. New export orders rose for the fourth straight month, reaching their fastest growth rate since November 2024.

The index pointed to a strengthening in the overall health of the manufacturing sector, with the solid improvement in business conditions was the most marked for almost a year.

Findings from a recent business sentiment survey conducted by the NSO under the Ministry of Finance show that 37.3% of businesses expect better performance in Q3, while 43.5% forecast steady operations.

Despite challenges, Vietnam recorded positive econnomic signals during the first five months of 2025 as the Government stays steadfast in the growth target of over 8% this year and double-digit expansion beyond.

Vietnam’s Purchasing Managers’ Index (PMI) hit 50.5 points in March, up slightly compared to February (49.2 points) and exceeded the 50-point threshold for the first time after 4 months. This signals improvements in business conditions by the end of the first quarter of 2025.

In a report released on March 3, S&P Global noted that the muted start to 2025 for the Vietnamese manufacturing sector continued into February, with weak demand leading to further reductions in new orders and production.

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped below the 50.0 no-change mark for the first time in three months during December 2024, to be at 49.8 from 50.8 in November.

The S&P Global Vietnam Manufacturing PMI rose to 51.2 in October from 47.3 in September, marking a return above the 50-point threshold after disruptions caused by Typhoon Yagi.

Given the 10-month performance, authorities believed Vietnam's economic growth is likely to surpass this year’s target, and more efforts are being taken to tackle bottlenecks to growth.

The Vietnamese manufacturing sector in October started to recover from the effects of September's Typhoon Yagi, recording renewed increases in both output and new orders, according to S&P Global.

The Hong Kong-Shanghai Banking Corporation (HSBC) has raised its 2024 GDP growth forecast for Vietnam to 7% from 6.5% on stronger-than-expected growth in Q3 despite the devastation left by Super Typhoon Yagi.

The Indonesian Textile Association (API) has blamed the stagnation of the textile industry for increasing influx of imports that negatively affect the local manufacturing.

Vietnam’s manufacturing sector expanded sharply at the end of the second quarter with new orders rising at one of the fastest rates on record, prompting firms to ramp up production and purchasing activity, according to S&P Global.

Experts from the World Bank (WB) have recommended Vietnam continue support for aggregate demand through capital expenditures, given that the reduction of interest rates to aid investment could intensify pressures on the exchange rate amidst the strong USD.