The S&P Global Vietnam Manufacturing PMI fell to 52.5 in January 2025 from 53 in December, marking its lowest level since September 2024. Despite the moderation, it remained in positive territory for the seventh straight month, as output expanded at a faster pace, driven largely by stronger new orders amid improving customer demand. Total new business growth was supported by a rebound in new export orders, with companies reporting increased demand from other Asian markets, including India. Moreover, employment rose for the fourth month in a row. While job creation remained modest, the pace accelerated to its fastest since June 2024. On the price front, input cost inflation eased slightly from the three-and-a-half-year high seen in December, while selling prices continued to climb rapidly, reaching its fastest pace since April 2022. Looking ahead, business sentiment strengthened further, with the twelve-month production outlook hitting its highest level since March 2024. source: S&P Global

Manufacturing PMI in Vietnam decreased to 52.50 points in January from 53 points in December of 2025. Manufacturing PMI in Vietnam averaged 50.78 points from 2012 until 2026, reaching an all time high of 56.50 points in November of 2018 and a record low of 32.70 points in April of 2020. This page provides the latest reported value for - Vietnam Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Vietnam decreased to 52.50 points in January from 53 points in December of 2025. Manufacturing PMI in Vietnam is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 51.60 points in 2027 and 51.80 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Car Registrations 29774.00 42701.00 Units Jan 2026
Changes in Inventories 177463.00 158815.00 VND Billion Dec 2024
Corruption Index 41.00 40.00 Points Dec 2025
Corruption Rank 81.00 88.00 Dec 2025
Electricity Production 27700.00 25700.00 Gigawatt-hour Dec 2025
Industrial Production YoY 21.50 10.10 percent Jan 2026
Manufacturing Production 23.60 10.90 percent Jan 2026
Mining Production 10.30 0.20 percent Jan 2026


Vietnam Manufacturing PMI
The S&P Global 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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Vietnam Manufacturing PMI at 4-Month Low
The S&P Global Vietnam Manufacturing PMI fell to 52.5 in January 2025 from 53 in December, marking its lowest level since September 2024. Despite the moderation, it remained in positive territory for the seventh straight month, as output expanded at a faster pace, driven largely by stronger new orders amid improving customer demand. Total new business growth was supported by a rebound in new export orders, with companies reporting increased demand from other Asian markets, including India. Moreover, employment rose for the fourth month in a row. While job creation remained modest, the pace accelerated to its fastest since June 2024. On the price front, input cost inflation eased slightly from the three-and-a-half-year high seen in December, while selling prices continued to climb rapidly, reaching its fastest pace since April 2022. Looking ahead, business sentiment strengthened further, with the twelve-month production outlook hitting its highest level since March 2024.
2026-02-02
Vietnam Manufacturing Growth Slightly Eases
The S&P Global Vietnam Manufacturing PMI eased to 53.0 in December 2025 from 53.8 in November, signaling a modest slowdown in growth momentum. Output rose for the eighth straight month, supported by continued growth in new orders, although the pace of expansion in both production and new business softened compared with November, partly reflecting lingering supply disruptions from recent storms and flooding. Employment also increased, as firms expanded staffing levels to support higher output and reduce backlogs of work. On the pricing front, input costs surged at the fastest pace since June 2022 amid material scarcity and unfavourable exchange rate movements, while output prices increased solidly as manufacturers passed higher costs on to customers. Business sentiment strengthened further, reaching its highest level since March 2024, underpinned by expectations of stronger demand, improved weather conditions, and increased production capacity.
2026-01-02
Vietnam Manufacturing Growth Moderates
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.
2025-12-01