The S&P Global Vietnam Manufacturing PMI edged down to 53 in December from 53.8 in November but stayed well above the 50 no-change mark, indicating a sustained improvement in sector health. Business conditions strengthened for a sixth consecutive month, with the manufacturing sector ending 2025 on a solid note despite supply disruptions driving cost pressures to multi-year highs.
Manufacturing output rose again in December, extending the current expansion phase to eight months. While the pace of growth softened to a three-month low, firms cited improved weather conditions and steady gains in new orders as key drivers of higher production. New business increased for a fourth straight month, reflecting improving customer demand, although growth moderated from November levels, S&P Global said in a press release.
Export demand, however, remained a weak spot. New export orders declined for the first time in three months, partially constraining overall new business growth.
