FX.co ★ Vietnam manufacturing PMI Hits 15-Month High

In October 2025, the S&P Global Vietnam Manufacturing PMI rose sharply to 54.5, up from 50.4 in September, showcasing a noteworthy monthly enhancement in the sector. This figure is the highest since July 2024, reflecting a continued expansion in new orders for the second month in a row, achieving the most robust level since July 2024. Consequently, production has experienced growth for the sixth consecutive month, with the pace accelerating to its fastest since July 2024. In response to mounting operational capacity pressures, manufacturers have expanded their workforce. On the pricing side, October saw a significant leap in input cost inflation, marking the highest level since July 2024, while output prices climbed to their highest point in forty months. Furthermore, business confidence among manufacturers surged to a sixteen-month high, spurred by optimism for further growth in new orders and plans to enhance production capacity.