Vietnam Industry

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Vietnam: Growth in industrial production decelerates in May

May 28, 2015

In May, industrial output rose 7.5% over the same month last year, which marked a deceleration compared to the 9.4% increase recorded in the previous month. April’s reading represented a three-month low. Mining and quarrying, manufacturing, as well as electricity, gas and water decelerated from the previous month, while growth in water supply and waste management increased.

Industrial production in May increased 2.1% over the previous month, which was significantly below the 9.5% rise seen in April. Annual average growth in industrial production inched up from 8.8% in April to 8.9% in May.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 8.0% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect that industrial production will expand 7.9%.


Author:, Economist

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Vietnam Industry May 2015

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


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