Vietnam’s manufacturing sector continued to grow in September, although rates of expansion in output and new orders eased from those seen in August, according to the Vietnam Manufacturing Purchasing Managers’ Index (PMI) report recently released by S&P Global.
A report jointly released by US global management consulting firm Bain & Company, Singaporean financial services group DBS and Singapore-based strategic consultancy Vriens & Partners said Vietnam remained a leading growth market in Southeast Asia, with baseline growth projected at 6.2%.
The report showed that the Vietnam Manufacturing PMI fell to 51.9 in September from 53.3 in August, indicating a smaller improvement in the health of the sector at the end of the third quarter. Nonetheless, business conditions have strenghtened in each of the past 15 months.
Vietnam’s manufacturing Purchasing Manager's Index (PMI) rose to 52.9 in July, up from 51.8 in June, signalling a significant improvement in the sector’s health from the previous month.
The S&P Global Vietnam Manufacturing Purchasing Managers' Index™ (PMI®) rose to 52.8 in May, up from 50.5 in April and reaching its highest since February. The solid overall improvement in business conditions was the eleventh in as many months.
Vietnam Manufacturing Purchasing Managers' Index (PMI) dropped to a seven-month low of 50.5 in April, down from 51.2 in March.
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.
New orders increased for the second consecutive month, and at a much faster pace than in September. The rate of expansion was the quickest since July 2024, reflecting improved customer demand.
Vietnam’s manufacturing sector held steady in September with the Purchasing Managers' Index (PMI) unchanged at 50.4, signalling a further slight strengthening in the health of the industry, according to the latest survey by S&P Global.
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.
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 Vietnamese manufacturing sector remained in growth territory in November but overall business conditions improved to a lesser extent than in the previous month as slower rises in output and new orders were recorded, according to the S&P Global.
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.
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.
The Purchasing Managers’ Index (PMI) of Malaysia rose to a seven-month high of 47.9 in November, up from 46.8 in October, signaling a muted moderation in the health of the manufacturing sector, according to S&P Global.
