The S&P Global Vietnam Manufacturing PMI fell to 51.9 in September 2026 from a six-month high of 53.3 in the previous month, marking its lowest reading since June. The manufacturing sector remained in expansion territory, though growth moderated as output rose at a slower pace and new orders increased at the weakest rate of the current five-month growth streak. Employment also posted its second reduction in as many months, with firms citing staff resignations and ongoing restructuring efforts. Moreover, supplier delivery times lengthened modestly, reflecting disruptions to international shipping and unfavorable weather conditions. On the price front, input cost inflation picked up slightly from August, while output price inflation slowed for a fifth straight month and was the weakest since June 2025. Finally, business sentiment rose to its strongest level since February, underpinned by expectations of more favorable market conditions and the planned introduction of new products. source: S&P Global

Manufacturing PMI in Vietnam decreased to 51.90 points in September from 53.30 points in August of 2026. Manufacturing PMI in Vietnam averaged 50.85 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 51.90 points in September from 53.30 points in August of 2026. Manufacturing PMI in Vietnam is expected to be 52.00 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 18891.00 25246.00 Units Aug 2026
Changes in Inventories 204229.00 177463.00 VND Billion Dec 2025
Corruption Index 41.00 40.00 Points Dec 2025
Corruption Rank 81.00 88.00 Dec 2025
Electricity Production 30700.00 30600.00 Gigawatt-hour Aug 2026
Industrial Production YoY 14.40 14.50 percent Aug 2026
Manufacturing Production 14.60 15.00 percent Aug 2026
Mining Production 18.50 10.40 percent Aug 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 Sector Hits 3-Month Low
The S&P Global Vietnam Manufacturing PMI fell to 51.9 in September 2026 from a six-month high of 53.3 in the previous month, marking its lowest reading since June. The manufacturing sector remained in expansion territory, though growth moderated as output rose at a slower pace and new orders increased at the weakest rate of the current five-month growth streak. Employment also posted its second reduction in as many months, with firms citing staff resignations and ongoing restructuring efforts. Moreover, supplier delivery times lengthened modestly, reflecting disruptions to international shipping and unfavorable weather conditions. On the price front, input cost inflation picked up slightly from August, while output price inflation slowed for a fifth straight month and was the weakest since June 2025. Finally, business sentiment rose to its strongest level since February, underpinned by expectations of more favorable market conditions and the planned introduction of new products.
2026-10-01
Vietnam Manufacturing Growth Hits 6-Month High
The S&P Global Vietnam Manufacturing PMI rose to 53.3 in August 2026 from 52.9 in July, marking its highest level since February and signaling a further strengthening of factory activity. Manufacturing output expanded for a sixteenth consecutive month and at its fastest pace in more than two years. In addition, new orders grew at the strongest rate since October 2025, reflecting robust demand conditions. Meanwhile, employment declined for the fifth time in the past six months, as firms cited retirements and a reduced reliance on temporary workers. On the price front, input cost inflation eased from July's eleven-month high, while output price growth also moderated, extending a four-month trend of softer selling-price inflation. Business sentiment remained positive, though confidence eased slightly from July. Manufacturers remained optimistic about the outlook, supported by new product launches, capacity expansions, and expectations of stronger customer demand.
2026-09-03
Vietnam Manufacturing Expands Most in 5 Months
The S&P Global Vietnam Manufacturing PMI rose to 52.9 in July 2026 from 51.8 in June, marking the strongest expansion since February. Output and new orders accelerated, supported by stronger domestic and foreign demand, with export sales rising at the fastest pace since July 2024. Manufacturers also ramped up purchasing activity at the sharpest rate in almost four-and-a-half years to meet higher production requirements, while employment increased for the first time in five months. Meanwhile, input inventories and finished goods stocks declined as firms used existing inventories to support production and fulfill orders. Supply-chain disruptions eased further, with supplier delivery delays the least pronounced since May 2025. Input cost and output price inflation both slowed to their weakest rates since September 2025, while business confidence climbed to a five-month high, supported by expectations of stronger orders and expanded production capacity.
2026-08-03