The IHS Markit Vietnam Manufacturing PMI tumbled to 40.2 in August 2021 from 45.1 in July. pointing to the third straight month of contraction and the steepest pace since April 2020, amid the worst outbreak of the COVID-19 virus since the pandemic began. Output fell substantially, with the rate of contraction was the second-fastest on record, new orders shrank for the third month running, which was the most in 16 months, and exports shrank at an accelerated pace. In addition, employment fell for the third month running and was the steepest since April 2020. August saw a near-record fall in purchasing activity, though stocks of inputs increased for the first time in three months. Meantime, delivery times lengthened at the sharpest pace on record for the second month running, on congestion at ports and raw material shortages. On the cost side, input price inflation remained among the fastest in a decade, while output prices were also raised. Looking ahead, sentiment hit a 15-month low. source: Markit Economics

Manufacturing PMI in Vietnam averaged 50.99 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 September of 2021.

Manufacturing PMI in Vietnam is expected to be 55.00 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 53.00 points in 2022, according to our econometric models.

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Vietnam Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
40.20 45.10 56.50 32.70 2012 - 2021 points Monthly


News Stream
Vietnam Manufacturing PMI Plunges to 16-Month Low
The IHS Markit Vietnam Manufacturing PMI tumbled to 40.2 in August 2021 from 45.1 in July. pointing to the third straight month of contraction and the steepest pace since April 2020, amid the worst outbreak of the COVID-19 virus since the pandemic began. Output fell substantially, with the rate of contraction was the second-fastest on record, new orders shrank for the third month running, which was the most in 16 months, and exports shrank at an accelerated pace. In addition, employment fell for the third month running and was the steepest since April 2020. August saw a near-record fall in purchasing activity, though stocks of inputs increased for the first time in three months. Meantime, delivery times lengthened at the sharpest pace on record for the second month running, on congestion at ports and raw material shortages. On the cost side, input price inflation remained among the fastest in a decade, while output prices were also raised. Looking ahead, sentiment hit a 15-month low.
2021-09-01
Vietnam Manufacturing Shrinks at Softer Rate
The IHS Markit Vietnam Manufacturing PMI rose to 45.1 in July 2021 from a 13-month low of 44.1 in June. This was the second straight month of contraction in the manufacturing sector, amid the latest wave of local COVID-19 cases, with the reduction in exports being softer than that seen for new orders, on some reports of improving demand in international markets. At the same time, output dropped faster, and employment was down sharply due to reports of temporary company closures and social distancing restrictions. Meanwhile, disruption was also felt in supply chains, with delivery times lengthening to the greatest extent in more than ten years of data collection. Regarding prices, the rate of input cost inflation accelerated sharply, but efforts to secure orders meant that firms raised their selling prices at a relatively modest pace. Finally, sentiment remained below the series average.
2021-08-02
Vietnam Manufacturing PMI Lowest in 13 Months
The IHS Markit Vietnam Manufacturing PMI tumbled to 44.1 in June 2021 from 53.1 in May, pointing to the sharpest deterioration in business conditions since May 2020. The latest reading ended a six-month period of growth, amid lockdown measures and temporary company closures as the country battled the latest wave of COVID-19 cases. Output and new orders both shrank the most since the pandemic began, while employment fell for the first time in five months and at a sharp rate that was the second-fastest since the survey started in 2011. Similarly, buying activity fell the most since the series nadir seen in April 2020. The pandemic also impacted supply chains, resulting in a near-record lengthening of delivery times. Meanwhile, the rate of input cost inflation remained marked, and firms raised their own selling prices marginally. Looking ahead, sentiment hit its lowest since August 2020, though firms remained optimistic overall that output will increase over the coming year.
2021-07-01
Vietnam Manufacturing PMI Lowest in 3 Months
The IHS Markit Vietnam Manufacturing PMI dropped to 53.1 in May 2021 from a near 3-year high of 54.7 a month earlier. This was the lowest reading since February, amid the latest outbreak of COVID-19 infections in the country. Rates of expansion in output, new orders, and employment all softened, while backlogs of work accumulated to a near-record rise. Firms expanded both their quantity and stocks of purchases, on efforts to build reserves. That said, in both cases, rates of increase were slower than in April. Meantime, suppliers' delivery times lengthened the most in a year, amid shipping delays and material shortages. On the cost side, a further sharp increase in input costs fed through to the steepest selling price inflation in just over a decade. Finally, sentiment eased to a three-month, amid hopes that the virus will be brought back under control and the prospect of further new order growth.
2021-06-01

Vietnam Manufacturing PMI
The IHS Markit 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.