Vietnam Industry

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Vietnam: Growth in industrial production accelerates in September

October 1, 2014

In September, industrial output rose 8.6% over the same month last year, which was up from the 6.7% rise recorded in the previous month and marked the fastest increase in seven months. September’s result came on the back of an improvement in mining and quarrying as well as in manufacturing.

Industrial production in September fell 0.40% over the previous month, which contrasted the 1.90% increase recorded in August. The figure marked the fastest decrease in seven months. Annual average growth in industrial production rose from 6.5% in August to 6.7% in September, and now sits at the highest level since January 2013.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 7.7% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect that industrial production will expand 8.0%.


Author:, Senior Economist

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Vietnam Industry September 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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