The S&P Global Vietnam Manufacturing Purchasing Managers' Index™ (PMI®) posted 53.3 in August, up from 52.9 in July and above the 50.0 no-change mark for the fourteenth consecutive month, according to a report released by S&P Global on September 3.

This result indicates that the improvement in business conditions in the manufacturing sector is being maintained at its strongest and most positive level since February.

The positive results of the Vietnam Manufacturing Purchasing Managers' Index (PMI) for August 2026  is attributed to the growth in the Vietnamese manufacturing sector which continued to strengthen midway through the third quarter of the year, 

Output and new orders both rose sharply on the back of new product development and improving customer demand. Meanwhile, inflationary pressures softened further. Less positive was a renewed fall in employment in the sector, while confidence in the year-ahead outlook ticked lower.

Anecdotal evidence linked growth in August to a range of factors, including the development and release of new products, better material availability and softer price pressures. These contributed to marked increases in both new orders and manufacturing production during the month.

Output rose for the sixteenth consecutive month, and at a rapid pace that was the fastest in just over two years. Likewise, the pace of expansion in new orders also quickened and was the sharpest since last October.