Vietnam Manufacturing PMI Contracts at Softer Pace

The S&P Global Vietnam Manufacturing PMI rose to 49.2 in February 2025, up from a four-month low of 48.9 in the previous month.

This slight improvement was attributed to a modest contraction in new orders, which had declined for the first time in four months in January due to subdued demand both domestically and internationally.

Similarly, production continued to decrease for the second consecutive month.

Moreover, employment dropped for the fifth month in a row, although the decline eased compared to January.

On the pricing front, manufacturers reduced their selling prices for the second successive month, responding to weaker demand and easing cost inflation.

Lastly, business confidence improved for the second straight month, reaching its highest level since June 2024, with firms hoping that stable economic conditions will support a recovery in new orders and production growth in the months ahead.