Vietnam’s manufacturing sector maintained its expansionary momentum in January 2026, though at a slightly softer pace, as the S&P Global Manufacturing PMI edged down to 52.5 from 53.0 in December 2025.
The January reading, released on 2 February 2026, remains comfortably above the 50-point threshold that separates expansion from contraction, signaling ongoing growth in factory activity despite the marginal decline. The slight dip suggests that while demand conditions and production remain supportive, the pace of improvement at the start of 2026 has moderated compared with the end of last year.
With the PMI still in positive territory, the data point to a manufacturing sector that continues to underpin Vietnam’s broader economic performance, even as momentum shows early signs of cooling after the December peak.
