Vietnam Industry


Industry improves to highest growth rate in five months

In December 2013, industrial output rose 7.0% over the same month of the previous year, which was an improvement over the 5.7% increase recorded in November. December's figure marked the highest growth rate since July 2013. The improvement was broad-based, with the mining and quarrying, as well as the water, supply and waste management industries recording the biggest improvements over the previous month.

Industrial production expanded 4.40% over the previous month, which was above the 2.60% increase tallied in November. Annual average growth in industrial production inched up from 5.8% in November to 5.9% in December.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 6.0% in 2014, which is down 0.5 percentage points from last month's forecast. For 2015, panelists expect that industrial production will expand 6.8%.

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Vietnam Industry Chart

Vietnam Industry December 2013

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

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