The IHS Markit Vietnam Manufacturing PMI increased to 53.6 in March 2021 from 51.6 a month earlier. This was the fourth straight month of expansion in the manufacturing sector and the strongest pace since December 2018. Output growth was at a 20-month high, while marked expansion in new orders and export sales led to stronger rises in employment and buying activity. Meanwhile, difficulties sourcing raw materials remained, with suppliers' delivery times continuing to lengthen. That said, vendor performance fell the least in four months, and firms were able to expand their stocks of purchases. Prices data showed input cost inflation accelerated to an over three-year high, amid higher steel prices and increased costs for items sourced from China. Output prices, meanwhile, were raised at the sharpest pace in over four years. Looking ahead, business sentiment was the highest since July 2019, om hopes that the COVID-19 pandemic will come to an end and demand will improve. source: Markit Economics

Manufacturing PMI in Vietnam averaged 51.15 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 April 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.

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Vietnam Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.60 51.60 56.50 32.70 2012 - 2021 points Monthly


News Stream
Vietnam Manufacturing PMI Rises to 27-Month High
The IHS Markit Vietnam Manufacturing PMI increased to 53.6 in March 2021 from 51.6 a month earlier. This was the fourth straight month of expansion in the manufacturing sector and the strongest pace since December 2018. Output growth was at a 20-month high, while marked expansion in new orders and export sales led to stronger rises in employment and buying activity. Meanwhile, difficulties sourcing raw materials remained, with suppliers' delivery times continuing to lengthen. That said, vendor performance fell the least in four months, and firms were able to expand their stocks of purchases. Prices data showed input cost inflation accelerated to an over three-year high, amid higher steel prices and increased costs for items sourced from China. Output prices, meanwhile, were raised at the sharpest pace in over four years. Looking ahead, business sentiment was the highest since July 2019, om hopes that the COVID-19 pandemic will come to an end and demand will improve.
2021-04-01
Vietnam Manufacturing Sector Expands for 3rd Month
The IHS Markit Vietnam Manufacturing PMI rose to 51.6 in February 2021 from 51.3 a month earlier. This was the third straight month of expansion in factory activity, amid renewed increases in output, employment and purchasing. Meanwhile, new order growth was maintained as export sales returned to expansion amid some signs of improving foreign demand. Suppliers' delivery times lengthened sharply again, due to difficulties sourcing goods from abroad. On the cost front, The rate of input cost inflation remained sharp as global demand for raw materials continued to outpace supply. Meantime, selling prices rose the least since last November. Finally, confidence continued to wane, dropping for the third month running to the lowest since August 2020.
2021-03-01
Vietnam Manufacturing Growth Slows
The IHS Markit Vietnam Manufacturing PMI dropped to 51.3 in January 2021 from 51.7 a month earlier, amid ongoing effects of the COVID-19 pandemic, with new orders increasing at a slower rate. At the same time, output, export sales, employment, and purchasing activity were broadly unchanged. Efforts to secure inputs were stymied by severe disruption to supply chains again, with delivery time lengthening the most in nearly a decade. Meanwhile, a lack of shipping containers and raw material shortages meant severe supply-chain disruption, which in turn contributed to the fastest rise in input costs since June 2018. Output prices, meantime, increased for the fifth successive month. Finally, sentiment dipped to a five-month low.
2021-02-01
Vietnam Manufacturing Returns to Growth
The IHS Markit Vietnam Manufacturing PMI went up to 51.7 in December 2020 from 49.9 a month earlier. The latest figure signaled a modest improvement in the sector, the third in the past four months, amid less disruption from the COVID-19 pandemic and improving weather conditions. Output returned to growth; new orders increased for the fourth successive month, and at a solid pace that was faster than that seen in November; and export orders rose for the first time in three months. Also, December saw employment rise modestly for the second time in three months, and buying activity returned to expansion. Suppliers' delivery times lengthened the most since April, amid supply shortages and particular issues importing materials. On the price front, input cost rose the most in 2-1/2 years, with output prices increased at the fastest rate since July 2018. Finally, confident remained upbeat.
2021-01-04

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.