The IHS Markit Vietnam Manufacturing PMI increased to 53.6 in March 2021 from 51.6 a month earlier. This was the fourth straight month of expansion in the manufacturing sector and the strongest pace since December 2018. Output growth was at a 20-month high, while marked expansion in new orders and export sales led to stronger rises in employment and buying activity. Meanwhile, difficulties sourcing raw materials remained, with suppliers' delivery times continuing to lengthen. That said, vendor performance fell the least in four months, and firms were able to expand their stocks of purchases. Prices data showed input cost inflation accelerated to an over three-year high, amid higher steel prices and increased costs for items sourced from China. Output prices, meanwhile, were raised at the sharpest pace in over four years. Looking ahead, business sentiment was the highest since July 2019, om hopes that the COVID-19 pandemic will come to an end and demand will improve. source: Markit Economics
Manufacturing PMI in Vietnam averaged 51.15 points from 2012 until 2021, 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 April of 2021.
Manufacturing PMI in Vietnam is expected to be 54.00 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 53.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.