Vietnam Industry


Industrial production slows in November

In November, industrial output rose 5.7% over the same month last year, which was slightly below the 5.9% increase recorded in October. The figure was driven by a slowdown in mining and quarrying as well as in electricity, gas and water.

Industrial production expanded 2.6% over the previous month, which was well below the 6.7% increase tallied in October. Annual average growth in industrial production inched down from 5.9% in October to 5.8% in November.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 6.0% this year, which is down 0.5 percentage points from last month's forecast. For 2014, panelists expect that industrial production will expand 6.8%, which is unchanged from last month's estimate.

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Vietnam Industry Chart

Vietnam Industry November 2013

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

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