The S&P Global Vietnam Manufacturing PMI rose to 53.3 in August 2026 from 52.9 in July, its highest reading since February and a sign of further strengthening in factory activity. Manufacturing output increased for the sixteenth consecutive month and at its fastest pace in more than two years. New orders also expanded at their strongest rate since October 2025, underscoring robust demand conditions.
In contrast, employment fell for the fifth time in the past six months, with firms attributing the decline to retirements and reduced reliance on temporary staff. On the price front, input cost inflation eased from July's eleven-month peak. Output price growth also moderated, extending a four-month trend of softer selling-price inflation.
Business sentiment remained positive, although confidence dipped slightly compared with July. Manufacturers stayed optimistic about the outlook, supported by new product launches, capacity expansions, and expectations of stronger customer demand.
