The IHS Markit Vietnam Manufacturing PMI fell to 51.8 in October 2020 from a 14-month high of 52.2 in September, but still signalling an improvement in the health of the sector as COVID-19 in the country remained under control. New orders increased solidly for the second month running, subsequently feeding through to a similarly-paced increase in production. New export orders were unchanged amid some demand weakness in markets where the virus continues to cause problems, notably in Europe. Meantime, employment grew for the first time since January, though at only a marginal pace amid ongoing signs of spare capacity, with backlogs of work continuing to drop. Prices data showed input cost rose the most since August 2018. Meanwhile, selling prices rose for the second consecutive month but only marginally, amid requests for discounts by clients and competitive pressures. Lastly, sentiment was slightly lower than in September and weaker than the series average. source: Markit Economics
Manufacturing PMI in Vietnam averaged 51.13 points from 2012 until 2020, reaching an all time high of 56.50 points in November of 2018 and a record low of 32.70 points in April of 2020. This page provides the latest reported value for - Vietnam Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Manufacturing PMI in Vietnam is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 52.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 51.00 points in 2021 and 53.00 points in 2022, according to our econometric models.