Vietnam PMI Industrial

The S&P Global Vietnam Manufacturing PMI rose to 50.5 in March 2025 from 49.2 in the previous month. This marked the first expansion in factory activity since November 2024, primarily driven by an increase in production, which grew for the first time in three months and at the fastest pace since August 2024. Similarly, new orders showed a modest return to growth, despite continued softness in international demand. However, staffing levels continued to decline for the sixth consecutive month, mainly due to ongoing weak demand and staff resignations. On the pricing front, while higher costs for some imported goods led to a rise in input prices in March, some suppliers reduced prices in response to subdued demand for inputs. Overall, sentiment remained positive, bolstered by the increase in new orders and hopes for stable demand. However, optimism remained below the series average, reflecting cautious expectations.