The IHS Markit Vietnam Manufacturing PMI increased to 54.7 in April 2021 from 53.6 in March. This was the fifth straight month of expansion in the sector and the strongest pace since July 2018, amid improvements in control over the COVID-19 pandemic. Output grew the most since November 2018; while new orders rose for the eighth straight month and the fastest pace in near 2-1/2 years. New export orders also continued to rise on higher global demand, with firms ramping up buying activity and raising their inventories. Staffing levels rose for the third month running, and to the greatest extent in 33 months while backlogs went up for the first time in 15 months. Suppliers' delivery times continued to lengthen but the deterioration was the softest since last September. On the cost front, input costs continued to rise sharply, feeding through to the fastest increase in selling prices in close to a decade. Lastly, confidence remained solid. source: Markit Economics
Manufacturing PMI in Vietnam averaged 51.19 points from 2012 until 2021, 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. Vietnam Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Manufacturing PMI in Vietnam is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 53.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.