Among the seven countries surveyed by S&P Global in July, Vietnam led with a PMI of 52.4, well above the ASEAN average of 50.1. New export orders rose for the fourth straight month, reaching their fastest growth rate since November 2024.

As traditional growth engines—natural resources, public investment, low-cost labour, and low-value exports—wane, Vietnam must shift toward transformative drivers, some experts have said.

Foreign direct investment (FDI) in the real estate sector for 2024 reached 3.72 billion USD, making up 18.8% of the total FDI that Vietnam attracted in the year, second only to the manufacturing sector, reported the General Statistics Office (GSO).

Given the 10-month performance, authorities believed Vietnam's economic growth is likely to surpass this year’s target, and more efforts are being taken to tackle bottlenecks to growth.

The Vietnamese manufacturing sector in October started to recover from the effects of September's Typhoon Yagi, recording renewed increases in both output and new orders, according to S&P Global.

Despite a modest influx of foreign direct investment (FDI) in the real estate sector since early 2024, Savills Vietnam sees a silver lining in the surge of FDI into high-tech manufacturing.

Vietnam’s export activity saw robust growth in the first nine months of 2024, largely due to a global market recovery and rising export orders. This was particularly evident in the processing and manufacturing sector, which encompassed nearly 85% of total export revenue.

The Bank of Thailand recently backed government initiatives to address the issue of cheap Chinese products flooding the Thai market.

Singapore on August 13 upgraded its economic growth forecast for this year after beating expectations in the second quarter and on optimism that the manufacturing sector will gradually recover.

The strong growth in the Vietnamese manufacturing sector seen in June was sustained in July.

HSBC has revised its forecast for Vietnam’s gross domestic product growth for this year to 6.5%, up from the previous projection of 6%.

Vietnam’s manufacturing sector expanded sharply at the end of the second quarter with new orders rising at one of the fastest rates on record, prompting firms to ramp up production and purchasing activity, according to S&P Global.

The manufacturing sector recorded a return to growth right from the outset of 2024, with activities expanding in February fueled by increases in both volume and orders, experts from S&P Global рфму said.

Vietnam’s Manufacturing Purchasing Managers' Index (PMI) recorded a return to growth in early 2024, driven by an improved economic outlook that led to an increase in new orders, S&P Global has reported.

Vietnam’s economy will grow by 6% in 2024, faster than in 2023, according to economists of HSBC Vietnam.

The Purchasing Managers’ Index (PMI) of Malaysia rose to a seven-month high of 47.9 in November, up from 46.8 in October, signaling a muted moderation in the health of the manufacturing sector, according to S&P Global.

The Vietnam Manufacturing Purchasing Managers' Index (PMI) as reported by S&P Global, edged down to 49.6 in October from 49.7 in the previous month, indicating a second consecutive monthly decline in the manufacturing sector.

Vietnam’s economy has passed its trough, staging a modest recovery with stronger-than-expected growth of 5.3% in the third quarter, but upside risks to inflation have resurfaced, prompting the upgrade of 2023 average inflation forecast to 3.4%, said the HSBC.

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 49.7 in September, compared to 50.5 in August, despite the second successive monthly increase in new orders.

The 19th International Precision Engineering, Machine Tools and Metalworking Exhibition and Conference opened in Ho Chi Minh City on July 4 to showcase a range of the latest manufacturing machinery, technologies and solutions.