Vietnam: Growth in industrial production broadly stable in August
August 29, 2016
In August, industrial output rose 7.3% over the same month last year, which was just a notch above the 7.2% rise recorded in July. The mild acceleration came on the back of a larger increase in manufacturing output, which more than offset a sharp contraction in the mining and quarrying sector.
In seasonally-adjusted terms, industrial production increased 0.8% over the previous month (July: 2.1% month-on-month). The sluggish trend is confirmed by annual average growth data: industrial production edged down from 8.1% in July to a 20-month low of 7.9% in August.