Vietnam Industry


Industrial production jumps in January on Lunar New Year effect

In January, industrial output grew 21.1% over the same month last year, which was up from the 5.9% increase observed in December. The acceleration was broad-based, with all the main sectors improving compared to the previous month. That said, the reading benefited from a favourable base effect due to the Lunar New Year, which was celebrated at the end of January last year.

Nonetheless, a month-on-month comparison does not corroborate the acceleration suggested by the annual data, as industrial production fell 3.2% over the previous month, which contrasted the 5.0% increase recorded in December.


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Vietnam Industry Chart

Vietnam Industry January 2013

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

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