The S&P Global Vietnam Manufacturing PMI slipped to 51.8 in June 2026 from a three-month high of 52.8 in May, but stayed above the 50-point mark, signalling a twelfth consecutive month of improving business conditions. New orders rose for a second month in a row, and export sales also increased, though at a slower pace.
Manufacturing output expanded for the fourteenth consecutive month and picked up to its fastest rate since February, encouraging firms to step up purchasing activity for a second straight month. However, input inventories fell at the steepest pace in a year amid ongoing supply-chain disruptions and import difficulties, even as supplier delivery delays eased to a four-month low.
Input cost inflation moderated to its weakest level since the start of the year, while output price inflation slowed to a six-month low. Employment fell for the fourth consecutive month. At the same time, business confidence rose to a four-month high, although sentiment remained weaker than before the escalation of conflict in the Middle East.
