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Vietnam’s Purchasing Managers’ Index flat in May

S&P Global’s Purchasing Managers’ Index for Vietnam was unchanged in May, according to a press release from the organisation. Currently sitting at 50.3 points, this is above the 50 point breakeven threshold. This signals small but consistent growth.

Key takeaways:

  • New orders increased,
  • Purchasing activity increased,
  • The workforce shrank,
  • There was an increase in input cost inflation attributed to higher oil and fuel costs and currency weakness,
  • Selling prices were increased for the first time since February,
  • Production volumes increased,
  • Outstanding business was reduced, and
  • Supplier delivery times lengthened attributed to goods shortages related to geopolitical issues.

Overall a relatively positive month for Vietnam’s manufacturing sector and the maintained growth trajectory, however small, is still consistent and may suggest a more stable sector than has been seen over the last year or so.

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