Vietnam Industry

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Vietnam: Growth in industrial production inches up in December

October 31, 2015

In December, industrial output rose 9.0% over the same month last year, which marked a marginal increase over the 8.9% rise recorded in November. The increase came on the back of growth in four of the five components of the index where manufacturing reported the strongest increase. Mining and quarrying was the only component that reported a contraction.

Industrial production in December rose 3.5% over the previous month, which was an increase compared to the 1.5% rise observed in November. Despite the monthly increase, annual average growth in industrial production remained stable in December at November’s 10.0% reading.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.4% in 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, panelists expect that industrial production will expand 9.7%.


Author: Jean-Philippe Pourcelot, Economist

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Vietnam Industry October 2015 1

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


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