Vietnam PMI June 2026 – manufacturing purchasing managers index

Admin
Jul 01, 2026

Vietnam PMI June 2026: Output growth quickens to four-month high in June

  • Marked rise in production amid sustained new order expansion.
  • Inflationary pressures ease sharply.
  • Employment continues to fall.

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Cimigo Vietnam market research has collected the Vietnam PMI – manufacturing purchasing managers index since 2013. S&P Global compiles the Vietnam PMI S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers.

Vietnam PMI findings

Vietnam PMI June 2026

Growth was maintained in the Vietnamese manufacturing sector during June amid further improvements in new orders and an easing of inflationary pressures. Purchasing activity also rose again during the month, but continued supply-chain delays meant that stocks of inputs fell sharply. Staffing levels were also down amid ongoing evidence of spare capacity in the sector.

The S&P Global Vietnam Manufacturing Purchasing Managers’ Index™ (PMI®) posted 51.8 in June, down from 52.8 in May but still above the 50.0 no-change mark and therefore pointing to an improvement in the health of the sector. Business conditions have now strengthened on a monthly basis throughout the past year.

After returning to growth in May, new orders increased again in June as panellists reported improvements in customer demand. The latest expansion was solid, albeit softer than in the previous survey period. New export orders also rose, albeit only slightly and to a smaller extent than total new business. The latest rise in new orders helped to support sustained growth of manufacturing production. Output rose for the fourteenth successive month, and at a marked pace that was the fastest since February.

Higher new orders and rising output requirements encouraged manufacturers to expand their purchasing activity for the second month running in June. As was the case with output, the rate of growth was slightly quicker than that seen in May.

Despite another marked rise in purchasing, stocks of inputs decreased at a sharp and accelerated pace in June. In fact, the fall was the most marked for a year. In some cases, inputs had been used to support production growth rather than being held in stock, while challenges importing goods were also mentioned.

Vietnam PMI June Trend

Indeed, sourcing inputs in general again proved difficult for firms as suppliers’ delivery times lengthened further. The latest deterioration in vendor performance was only modest and the least marked in four months, however.

Input costs continued to rise sharply in June, but the rate of inflation was much softer than that seen in May and the lowest since the start of the year. Where input prices increased, panellists linked this to material supply shortages and higher transportation costs. Similarly, the rate of output price inflation also eased in June and was at a six-month low.

Contrasting with the generally positive picture in June, employment continued to decrease, the fourth month running in which this has been the case. Although modest, the latest fall was sharper than that seen in May as a number of firms reported employee resignations. Despite lower workforce numbers, outstanding business decreased again, and at a solid pace.

Manufacturers remained optimistic that output will rise over the coming year, and confidence ticked up to the highest in four months. Hopes for further increases in new orders, new product development and efforts to expand operations were among the factors supporting optimism. That said, sentiment remained below the level seen prior to the outbreak of war in the Middle East.

Download the report here

The S&P Global Vietnam Manufacturing PMI® is compiled by S&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.

Survey responses are collected by Cimigo 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 ‘higher’ responses and half the percentage of ‘unchanged’ responses.

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.

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