Vietnam Industry


Industrial production decelerates slightly in June

In June, industrial output expanded 6.5% over the same month last year, which came slightly below the 6.7% increase observed in May. The deceleration was driven by softer growth in mining and quarrying as well as in energy supply, which offset an acceleration in the manufacturing sector.

A month-on-month comparison corroborates the deceleration suggested by the annual data, as industrial production added 1.9% over the previous month, which was below the 4.6% increase recorded in May. As a result of the slower growth in June, the trend continues to point downwards, with annual average growth in industrial production inching down from 6.3% in May to 6.2%.

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 June 2013

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

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