The S&P Global Vietnam Manufacturing PMI declined to 54.0 in June 2022 from a 13-month high of 54.7 in May. Still, the latest reading pointed to the ninth straight month of expansion in factory activity. source: Markit Economics

Manufacturing PMI in Vietnam averaged 51.05 points from 2012 until 2022, 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 July of 2022.

Manufacturing PMI in Vietnam is expected to be 50.00 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 51.00 points in 2023, according to our econometric models.

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Vietnam Manufacturing PMI

Related Last Previous Unit Reference
Manufacturing PMI 54.00 54.70 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
54.00 54.70 56.50 32.70 2012 - 2022 points Monthly

News Stream
Vietnam Factory Growth Remains Robust
The S&P Global Vietnam Manufacturing PMI declined to 54.0 in June 2022 from a 13-month high of 54.7 in May. Still, the latest reading pointed to the ninth straight month of expansion in factory activity, as a lack of disruption from the COVID-19 pandemic supported demand and output. In addition, growth of new export orders quickened the most in four months, the rate of job creation accelerated to a 3-1/2-year high, while backlogs reduced for the second time in the past three months. A further solid rise in purchasing activity was registered, as firms responded to higher new orders. Delivery time lengthened, on issus with global shipping and COVID-19 curbs in China. On the cost side, input cost inflation accelerated, due to higher gas and oil prices, rising charges for shipping and freight and surging raw material prices. Finally, sentiment was upbeat, with the reading above the series average, on expectations that the pandemic to stay under control.
Vietnam Manufacturing PMI at 23-Month High
The S&P Global Vietnam Manufacturing PMI increased to 54.7 in May 2022 from April's six-month low of 51.7 while marking the eighth straight month of expansion and the strongest growth since April 2021. Both output and new orders expanded sharply, with growth of new export orders accelerating, as COVID-19 situation improved. Meantime, purchasing activity rose in response to new orders growth, with the rate of expansion quickening to a three-month high. Meanwhile, employment increased to the second straight month and a at solid pace that was the fastest since April 2021. On the cost side, both input costs and output prices rose at the slowest pace in three months, amid rises in prices of oil and gas and shipping charges. Looking ahead, confidence strengthened to the highest since January supported by optimism in the outlook for production.
Vietnam Manufacturing Sector Expands for 7th Month
The S&P Global Vietnam Manufacturing PMI stood at 51.7 in April 2022, unchanged from March's six-month low print while marking the seventh straight month of expansion. Both output and employment returned to growth after dropping in March, amid falls in COVID-19 cases. Meantime, new orders continued to rise, with the rate of growth easing to the softest in the current 7-month sequence of rise; while foreign orders also slowed, on strict curbs in China. Meantime, buying levels gained for the 7th month running despite material supply issues. Firms reportedly were able to keep on top of workloads and reduce backlogs for the first time in 3 months. On the cost side, input price inflation was at the second-fastest in 11 years, amid soaring prices of fuel and freight. In turn, selling prices went up the most in five months. Looking ahead, confidence ticked higher and was above the series average, on hopes that the pandemic will be kept under control and supply constraints to ease.