Vietnam Industry

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Vietnam: Growth in industrial production accelerates in November

October 29, 2014

In November, industrial output rose 11.1% over the same month last year, which was an improvement over the 7.9% increase observed in the previous month and marked the fastest increase in nine months. November’s result came on the back of solid growth in all categories that compose the index.

Industrial production in November rose 5.3% over the previous month, which followed the 4.6% increase recorded in October. The figure marked the fastest increase in eight months. Annual average growth in industrial production rose from 6.9% in October to 7.4% in November, and now sits at the highest level since January 2013.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 7.2% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect that industrial production will expand 7.5%, which is also unchanged from last month’s Consensus.


Author:, Senior Economist

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Vietnam Industry November 2014

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


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