The Vietnam Manufacturing Purchasing Managers' Index (PMI) in February 2025 remained below average, reaching only 49.2 points, however, business confidence increased for the second consecutive month, reaching its highest level since June 2024.
The Vietnam Manufacturing Purchasing Managers' Index (PMI) in February 2025 remained below average, reaching only 49.2 points, however, business confidence increased for the second consecutive month, reaching its highest level since June 2024.
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| Orders from Vietnamese manufacturing enterprises continued to decrease slightly in February 2025. |
According to the Vietnam Manufacturing Purchasing Managers' Index (PMI) Report in February 2025 published by S&P Global, last month output and new orders continued to decline; employment also decreased for the fifth consecutive month and selling prices decreased.
S&P Global's report reflects continued weakness in Vietnam's manufacturing sector in early 2025, as weak customer demand causes new orders and output to continue to decline, resulting in businesses cutting jobs.
On the price front, the rate of input cost inflation slowed to a 19-month low, and output prices fell for the second consecutive month.
The Vietnam Manufacturing PMI in February 2025 was below the 50-point threshold, also the third month of decline, although it increased slightly to 49.2 points compared to 48.9 points in January 2025. This index result reflects a slight deterioration in business conditions during the month.
New orders fell again in February, following a decline in January. Panellists reported weak demand in both domestic and foreign markets. Weak export demand was reflected in a further decline in new orders from abroad, the fourth decline in four months.
Mr. Andrew Harker, Chief Economist at S&P Global Market Intelligence, said that Vietnam's manufacturing industry continued to face difficulties due to weak demand in February and has not regained growth momentum in 2025. However, businesses are more optimistic about the output outlook, expecting economic conditions to stabilize in the coming months.
However, businesses say transportation is a major obstacle, with slow shipping, limited supply of goods and high costs.
Businesses hope these difficulties will ease, along with improved demand in the coming time.
Source: https://baodautu.vn/don-dat-hang-cua-doanh-nghiep-san-xuat-giam-nhe-d251211.html
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