Vietnam’s S&P Global Manufacturing PMI rose to 52.3 in October 2026, picking up from a three-month low of 51.9 in the previous month. Manufacturing output expanded for another month, supported by stronger customer demand and continued growth in new orders. However, the pace of expansion eased to a six-month low, with some manufacturers reporting that difficulties sourcing raw materials had constrained production. Meanwhile, supplier delivery times lengthened to their greatest extent since April, largely due to higher fuel costs and adverse weather conditions. On the price front, input cost inflation rose for a second straight month to its fastest pace since June, but remained well below the spike recorded following the outbreak of the Middle East war. Manufacturers subsequently raised selling prices at a faster pace. Lastly, business confidence climbed to an eight-month high, reflecting optimism over improved raw material availability and further strengthening in market conditions. source: S&P Global

Manufacturing PMI in Vietnam increased to 52.30 points in October from 51.90 points in September of 2026. Manufacturing PMI in Vietnam averaged 50.86 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 increased to 52.30 points in October from 51.90 points in September 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 26209.00 18891.00 Units Sep 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 28500.00 27800.00 Gigawatt-hour Oct 2026
Industrial Production YoY 15.00 16.70 percent Oct 2026
Manufacturing Production 15.70 15.10 percent Oct 2026
Mining Production 4.90 6.60 percent Oct 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 Growth Picks Up
Vietnam’s S&P Global Manufacturing PMI rose to 52.3 in October 2026, picking up from a three-month low of 51.9 in the previous month. Manufacturing output expanded for another month, supported by stronger customer demand and continued growth in new orders. However, the pace of expansion eased to a six-month low, with some manufacturers reporting that difficulties sourcing raw materials had constrained production. Meanwhile, supplier delivery times lengthened to their greatest extent since April, largely due to higher fuel costs and adverse weather conditions. On the price front, input cost inflation rose for a second straight month to its fastest pace since June, but remained well below the spike recorded following the outbreak of the Middle East war. Manufacturers subsequently raised selling prices at a faster pace. Lastly, business confidence climbed to an eight-month high, reflecting optimism over improved raw material availability and further strengthening in market conditions.
2026-11-02
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