PMI Việt Nam tháng 6/2026: Tăng trưởng sản lượng đạt mức cao nhất trong bốn tháng

Chỉ số PMI Việt Nam ghi nhận sản lượng tăng mạnh nhờ đơn hàng mới tiếp tục mở rộng.
Áp lực lạm phát giảm đáng kể.
Việc làm tiếp tục suy giảm.

Cimigo Vietnam market research đã thu thập chỉ số PMI Việt Nam – chỉ số nhà quản lý mua hàng ngành sản xuất từ năm 2013. S&P Global biên soạn chỉ số Vietnam PMI S&P Global từ các phản hồi của bảng câu hỏi hàng tháng gửi đến các nhà quản lý mua hàng trong một nhóm khoảng 400 nhà sản xuất.

Kết quả PMI Việt Nam

Ngành sản xuất Việt Nam tiếp tục duy trì tăng trưởng trong tháng 6 nhờ đơn hàng mới tiếp tục cải thiện và áp lực lạm phát giảm bớt. Hoạt động mua hàng cũng tăng trong tháng, tuy nhiên tình trạng gián đoạn chuỗi cung ứng vẫn tiếp diễn khiến lượng tồn kho nguyên vật liệu giảm mạnh. Việc làm tiếp tục thu hẹp do vẫn còn dấu hiệu dư thừa công suất trong ngành.

Chỉ số Nhà Quản trị Mua hàng (PMI) ngành sản xuất Việt Nam của S&P Global đạt 51,8 điểm trong tháng 6, giảm từ mức 52,8 điểm của tháng 5 nhưng vẫn nằm trên ngưỡng 50,0 điểm, cho thấy điều kiện kinh doanh của ngành tiếp tục được cải thiện. Đây cũng là tháng thứ mười hai liên tiếp ngành sản xuất ghi nhận sự cải thiện so với tháng trước.

Sau khi quay trở lại tăng trưởng trong tháng 5, số lượng đơn hàng mới tiếp tục tăng trong tháng 6 khi các doanh nghiệp ghi nhận nhu cầu từ khách hàng được cải thiện. Mức tăng vẫn ở mức khá nhưng chậm hơn so với kỳ khảo sát trước. Đơn hàng xuất khẩu mới cũng tăng, tuy nhiên chỉ ở mức nhẹ và thấp hơn tốc độ tăng của tổng số đơn hàng mới. Sự gia tăng của đơn hàng tiếp tục hỗ trợ hoạt động sản xuất, với sản lượng tăng tháng thứ mười bốn liên tiếp và đạt tốc độ nhanh nhất kể từ tháng 2.

Đơn hàng mới gia tăng cùng với nhu cầu sản xuất cao hơn đã khuyến khích các doanh nghiệp tiếp tục mở rộng hoạt động mua hàng trong tháng thứ hai liên tiếp. Tốc độ tăng mua hàng cũng nhỉnh hơn so với tháng 5.

Mặc dù hoạt động mua hàng tăng mạnh, lượng tồn kho nguyên vật liệu lại giảm với tốc độ nhanh hơn trong tháng 6, ghi nhận mức giảm mạnh nhất trong vòng một năm. Một số doanh nghiệp cho biết nguyên vật liệu được sử dụng ngay để đáp ứng nhu cầu sản xuất thay vì tích trữ, trong khi các khó khăn trong việc nhập khẩu hàng hóa cũng góp phần làm giảm tồn kho.

Xu hướng PMI tháng 6

Thực tế, việc tìm nguồn cung nguyên vật liệu vẫn gặp nhiều trở ngại khi thời gian giao hàng của nhà cung cấp tiếp tục kéo dài. Tuy vậy, mức độ suy giảm hiệu quả giao hàng chỉ ở mức nhẹ và là mức thấp nhất trong bốn tháng gần đây.

Chi phí đầu vào tiếp tục tăng mạnh trong tháng 6, nhưng tốc độ lạm phát chi phí đã chậm lại đáng kể so với tháng 5 và thấp nhất kể từ đầu năm. Những doanh nghiệp ghi nhận chi phí tăng cho biết nguyên nhân chủ yếu đến từ tình trạng thiếu hụt nguồn cung nguyên vật liệu và chi phí vận chuyển cao hơn. Tương tự, tốc độ tăng giá bán đầu ra cũng chậm lại và xuống mức thấp nhất trong sáu tháng.

Trái ngược với bức tranh tích cực của các chỉ số hoạt động, số lượng lao động tiếp tục giảm trong tháng thứ tư liên tiếp. Mặc dù mức giảm vẫn ở mức khiêm tốn, tốc độ suy giảm đã nhanh hơn so với tháng 5 khi nhiều doanh nghiệp ghi nhận tình trạng nhân viên nghỉ việc. Dù lực lượng lao động giảm, khối lượng công việc tồn đọng cũng tiếp tục giảm với tốc độ khá nhanh.

Các doanh nghiệp sản xuất vẫn giữ quan điểm lạc quan về triển vọng sản lượng trong 12 tháng tới, với mức độ tự tin tăng lên mức cao nhất trong bốn tháng. Kỳ vọng về đơn hàng mới tiếp tục gia tăng, hoạt động phát triển sản phẩm mới và kế hoạch mở rộng hoạt động sản xuất là những yếu tố chính thúc đẩy sự lạc quan. Tuy nhiên, mức độ kỳ vọng vẫn thấp hơn so với giai đoạn trước khi xung đột tại Trung Đông bùng phát.

Tải báo cáo tại đây

PMI® Ngành Sản xuất Việt Nam của S&P Global được S&P Global thu thập từ phần trả lời cho các câu hỏi gửi cho các nhà quản trị mua hàng trong một nhóm gồm khoảng 400 nhà sản xuất. Nhóm khảo sát được phân chia theo ngành và quy mô lao động của công ty, dựa trên đóng góp vào GDP.

Những câu trả lời khảo sát được Cimigo Việt Nam thu thập vào nửa cuối của mỗi tháng và cho biết chiều hướng thay đổi so với tháng trước. Một chỉ số khuếch tán được tính toán cho mỗi tham số khảo sát. Chỉ số là tổng cộng phần trăm số câu trả lời ‘cao hơn’ và một nửa tỷ lệ phần trăm các câu trả lời ‘không thay đổi’.

Các chỉ số có giá trị từ 0 đến 100, với một kết quả trên 50 thể hiện một mức tăng tổng thể so với tháng trước, và dưới 50 thể hiện một mức giảm tổng thể. Các chỉ số sau đó được điều chỉnh theo mùa.

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If only all our research partners were as switched on and easy to work with.

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Geert Heestermans - Marketing Director

Cimigo is and will be our strategic research agency. We are happy with your work and the way our projects are handled. You walked the extra mile and we are grateful for that Cimigo is and will be our strategic research agency. We are happy with your work and the way our projects are handled. You walked the extra mile and we are grateful for that

Linda Yeoh - CMI Manager

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Đội ngũ

Đội ngũ Cimigo tại Việt Nam sẵn sàng giúp bạn đưa ra những sự lựa chọn tốt hơn.

Giải pháp

Cimigo cung cấp các giải pháp nghiên cứu thị trường tại Việt Nam sẽ giúp bạn có những lựa chọn tốt hơn.

Xu hướng

Cimigo cung cấp các xu hướng tiếp thị của người tiêu dùng Việt Nam và nghiên cứu thị trường về phân khúc người tiêu dùng Việt Nam.

Báo cáo

Cimigo cung cấp các báo cáo nghiên cứu thị trường về các lĩnh vực thị trường và phân khúc người tiêu dùng tại Việt Nam.