Vietnam skyline

Vietnam Industrial production October 2023

Vietnam: Industrial output growth dips in October

Industrial output grew 4.1% in year-on-year terms in October, which was a deterioration from September’s 5.1% increase. The weakening was due to deteriorations in manufacturing, energy and water supply growth.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.5% in October, down from September’s 1.7%.

Year to date, industrial production has risen 0.5%, far weaker than the 12% average annual expansion in the decade to 2022, due to soft global goods demand. A recovery in overseas goods demand should boost manufacturing and overall industrial production next year.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest