The S&P Global Vietnam Manufacturing PMI rose to 53.3 in August 2026 from 52.9 in July, reaching its highest level since February and indicating stronger factory activity. Manufacturing output expanded for a sixteenth consecutive month at its fastest pace in more than two years, while new orders grew at their strongest rate since October 2025. Employment declined for the fifth time in six months as companies cited retirements and less reliance on temporary workers. Input-cost inflation eased from July's eleven-month high, and output-price growth moderated for a fourth straight month. Business confidence remained positive but slipped slightly from July, with manufacturers citing new product launches, capacity expansions and expectations of stronger customer demand as support for the outlook.