{"id":17785,"date":"2026-06-01T08:25:59","date_gmt":"2026-06-01T01:25:59","guid":{"rendered":"https:\/\/staging.cimigo.com\/?p=17785"},"modified":"2026-06-01T09:11:57","modified_gmt":"2026-06-01T02:11:57","slug":"vietnam-pmi","status":"publish","type":"post","link":"https:\/\/www.cimigo.com\/en\/trends\/vietnam-pmi\/","title":{"rendered":"Vietnam PMI May 2026 &#8211; manufacturing purchasing managers index"},"content":{"rendered":"\r\n\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">Vietnam PMI May 2026: <\/span><span style=\"color: #000000;\">Stockpiling efforts contribute to renewed rise in new orders in May<\/span><\/h2>\r\n<ul>\r\n<li><span style=\"color: #000000;\">New orders and purchasing activity return to growth.<\/span><\/li>\r\n<li><span style=\"color: #000000;\">Marked rise in production. <\/span><\/li>\r\n<li><span style=\"color: #000000;\">Input cost inflation accelerates again.<\/span><\/li>\r\n<\/ul>\r\n<p style=\"text-align: center;\"><a class=\"wp-block-button__link has-background\" style=\"text-align: center; background-color: #a6cc17;\" href=\"https:\/\/www.cimigo.com\/en\/research-reports\/vietnam-purchasing-managers-index\/\" target=\"_blank\" rel=\"noopener noreferrer\">Download the report here<\/a><\/p>\r\n<p><a href=\"https:\/\/www.cimigo.com\/en\/news-events\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cimigo Vietnam market research<\/a> <span style=\"color: #000000;\">has collected the Vietnam PMI &#8211; manufacturing purchasing managers index since 2013. S&amp;P Global compiles the Vietnam PMI<\/span> <a href=\"https:\/\/ihsmarkit.com\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">S&amp;P Global<\/a>\u00a0<span style=\"color: #000000;\">from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers.<\/span><\/p>\r\n<h2><span style=\"color: #000000;\">Vietnam PMI findings<\/span><\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-29505 size-full\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-2026.jpg\" alt=\"Vietnam PMI May 2026\" width=\"335\" height=\"497\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-2026.jpg 335w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-2026-202x300.jpg 202w\" sizes=\"auto, (max-width: 335px) 100vw, 335px\" \/><\/p>\r\n<p>A return to growth of new orders in May helped the Vietnamese manufacturing sector to expand midway through the second quarter of 2026. At least part of the increase was due to safety stock building at customers due to the war in the Middle East causing steep price rises and supply-chain delays.<\/p>\r\n<p>Similarly, stockpiling efforts also encouraged manufacturers to raise their own purchasing activity.\u00a0Despite the improvements in new orders and output, firms continued to scale back their workforce numbers amid evidence of continued spare capacity.<\/p>\r\n<p>The S&amp;P Global Vietnam Manufacturing Purchasing Managers&#8217; Index\u2122 (PMI\u00ae) rose to 52.8 in May, up from 50.5 in April and reaching its highest since February, just before the outbreak of war in the Middle East. The solid overall improvement in business conditions was the eleventh in as many months.<\/p>\r\n<p>After having fallen modestly in April, new orders returned to growth in May, increasing markedly and to the largest degree in three months. To some extent, the rise in new business reflected safety stock building among customers amid worries of the effects of a prolonged conflict in the Middle East.<\/p>\r\n<p>A renewed increase in new export orders was also recorded, ending a two-month sequence of decline. Here though, the pace of expansion was only marginal, as high transportation costs and logistics issues limited international demand.<\/p>\r\n<p>Renewed growth of new orders was matched by a marked expansion of manufacturing production in May. Output rose for the thirteenth successive month, and at the fastest pace since February.<\/p>\r\n<p>Stockpiling efforts were also evident among manufacturers as purchasing activity increased for the first time in three months, and at a solid pace. The rate of input cost inflation continued to accelerate midway through the second quarter, quickening for the fourth consecutive month to the fastest since April 2011. Fuel, oil and transportation were the main drivers of higher input costs, according to respondents.<\/p>\r\n<p>Selling price inflation also remained elevated and was among the sharpest in the past 15 years, despite easing slightly from that seen in April. Higher costs for fuel and shipping, plus issues with logistics, caused a further lengthening of suppliers&#8217; delivery times in May.<\/p>\r\n<p><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-29506 size-full\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-Trend.jpg\" alt=\"Vietnam PMI May Trend\" width=\"335\" height=\"333\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-Trend.jpg 335w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-Trend-300x298.jpg 300w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-Trend-150x150.jpg 150w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2026\/05\/Vietnam-PMI-May-Trend-100x100.jpg 100w\" sizes=\"auto, (max-width: 335px) 100vw, 335px\" \/><\/span><\/p>\r\n<p>The latest deterioration in vendor performance was less pronounced than in the previous survey period, however. A further lengthening of lead times meant that stocks of purchases continued to fall, despite an expansion in purchasing activity. Moreover, the rate of depletion in preproduction inventories was the fastest in just under a year. Stocks of finished goods were also down, albeit to a smaller degree than in April.<\/p>\r\n<p>Despite a renewed rise in new orders in May, recent demand weakness meant that firms still had sufficient capacity to handle incoming business and work through backlogs. As a result, outstanding business decreased for the second month running.<\/p>\r\n<p>Evidence of spare capacity was a factor behind a further reduction in manufacturing employment, which decreased for the third time in as many months. The rate of job shedding was only marginal, however.<\/p>\r\n<p>Confidence in the year-ahead outlook for production improved to a three-month high in May amid hopes for an increase in new orders and business expansion plans. Sentiment remained relatively muted, however, reflecting concerns about the ongoing impact of the war in the Middle East.<\/p>\r\n<p style=\"text-align: center;\"><a class=\"wp-block-button__link has-background\" style=\"background-color: #a6cc17;\" href=\"https:\/\/www.cimigo.com\/en\/research-reports\/vietnam-purchasing-managers-index\/\" target=\"_blank\" rel=\"noopener noreferrer\">Download the report here<\/a><\/p>\r\n\r\n\r\n\r\n<p><span style=\"color: #000000;\">The S&amp;P Global Vietnam Manufacturing PMI\u00ae is compiled by S&amp;P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP.<\/span><\/p>\r\n<p><span style=\"color: #000000;\">Survey responses are collected by<\/span>\u00a0<a href=\"https:\/\/blog.cimigo.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cimigo\u00a0<\/a><span style=\"color: #000000;\">Vietnam in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of \u2018higher\u2019 responses and half the percentage of \u2018unchanged\u2019 responses.<\/span><\/p>\r\n<p><span style=\"color: #000000;\">The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.<\/span><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Vietnam PMI May 2026: Stockpiling efforts contribute to renewed rise in new orders in May New orders and purchasing activity return to growth. Marked rise in production. Input cost inflation accelerates again. Download the report here Cimigo Vietnam market research has collected the Vietnam PMI &#8211; manufacturing purchasing managers index since 2013. S&amp;P Global compiles [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[476],"tags":[1432,478,1506],"class_list":["post-17785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-research-vietnam","tag-vietnam-economy-market-research","tag-vietnam-manufacturing-market-research","tag-vietnam-purchasing-managers-index"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vietnam PMI - Market research Vietnam Indonesia<\/title>\n<meta name=\"description\" content=\"Vietnam May PMI. Stockpiling efforts contribute to renewed rise in new orders in May. 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Stockpiling efforts contribute to renewed rise in new orders in May. 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