Vietnam Industry


Industrial production improves in October

In October, industrial output rose 5.9% over the same month last year, up from the 5.6% rise recorded in September. The increase was driven by an expansion in mining and quarrying as well as in water supply.

Industrial production expanded 6.7% over the previous month, which was well above the 0.5% rise observed in September. Annual average growth in industrial production remained at September's 5.9%.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 5.6% this year, which is unchanged from last month's forecast. For 2014, panelists expect industrial production to expand 6.9%, which is unchanged from last month's estimate.

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Vietnam Industry Chart

Vietnam Industry October 2013

Note: Year-on-year variation of industrial production index in %.
Source: General Statistics Office of Vietnam (GSO).

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