Vietnam’s PMI October 2025

According to the latest report by S&P Global Market Intelligence, Vietnam’s manufacturing Purchasing Manager’s Index (PMI) reached 54.5 in October 2025, above the 50-point threshold that separates growth from contraction.

The index indicated a continued improvement in Vietnam’s manufacturing sector, marking the strongest expansion in over a year. This trend was supported by a rise in new orders. October saw new business growth for the second consecutive month, at the fastest pace since mid-2024, as customer demand improved.

Increasing production requirements led to higher purchasing activity, which grew at the sharpest pace since August 2024.

Employment levels saw a modest increase for the first time in several months, though inflationary pressures persisted. Input costs rose to their highest level since mid-2024, while output prices increased to a level not seen in over three years.

Vietnam’s manufacturing sector developments coincide with a broader economic expansion, with GDP growth reaching 8.2 per cent in the third quarter of 2025. This growth outpaced many peers in Southeast Asia and was supported by strong industrial output and foreign direct investment.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten countries. It has a population of 667 million, covers 4.5 million km², and is currently the third-largest economy in Asia-Pacific and the fifth-largest in the world. The ASEAN Economic Community (AEC) had an estimated combined GDP of USD 4.2 trillion in 2024.