Vietnam Industry


Industrial production accelerates in May

In May, industrial output grew 6.7% over the same month last year, which was above the 5.8% rise observed in April. The acceleration was driven by stronger growth in mining and quarrying, whereas the remaining sectors slowed down compared to April.

A month-on-month comparison corroborates the acceleration suggested by the annual data, as industrial production rose 4.60% over the previous month, which was above the 1.69% rise increase recorded in April. Despite the annual acceleration, the trend remains flat, with annual average growth in industrial production steady at April's 6.3%.

FocusEconomics Consensus Forecast participants estimate industrial output to grow 7.6% this year, which is unchanged from last month's forecast. For 2014, panellists expect industrial production to expand 8.7%.


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Vietnam Industry Chart

Vietnam Industry May 2013

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

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