Vietnam Industry


Industrial production increases in March

In March, industrial output grew 5.6% over the same month last year, contrasting the 10.1% drop observed in February. The expansion was broad-based, with all the main sectors improving compared to the previous month.

A month-on-month comparison corroborates the acceleration suggested by the annual data, as industrial production jumped 31.9% over the previous month, which contrasted the 21.3% fall recorded in February. That said, the reading was distorted by seasonal factors related to the Lunar New Year holiday.

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 March 2013

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

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