The Vietnamese manufacturing sector returned to growth in March amid renewed increases in both output and total new orders, according to the latest report released by the S&P Global on April 1.

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted above the 50.0 no-change mark for the first time in four months during March, thereby signaling an improvement in business conditions at the end of the first quarter of 2025. At 50.5, the PMI was up from 49.2 in February and pointed to a slight strengthening in the health of the sector.

Manufacturing production increased for the first time in three months during March, and to the largest degree since August last year.

 According to respondents, the rise in output in part reflected improvements in the availability of goods, but also a renewed increase in new orders, which likewise expanded following a two-month sequence of decline.

Growth of new orders was recorded amid signs of improving customer demand, but was only slight amid ongoing weakness in international demand.