FX.co ★ Vietnam Manufacturing Shrinks for 2nd Month

The S&P Global Vietnam Manufacturing PMI rose to 49.8 in May 2025, up from 45.6 in April, which had recorded the sharpest downturn since May 2023. This marked the second consecutive month of contraction in manufacturing activity, influenced by a decrease in new orders resulting from a drop in foreign sales, primarily due to the impact of US tariffs.