Vietnam Industry September 2022

Vietnam

Vietnam: Industrial output growth moderates in September

September 29, 2022

Industrial output grew 25.9% compared to the same month of the previous year in September, which was a deterioration from August's 27.2% increase. The figure was partly driven by slower manufacturing production growth. In contrast, electricity output rebounded.

Meanwhile, annual average industrial production growth rose to 13.5% in September (August: +10.5%). This signals an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists estimate that industrial output will grow 14.7% in 2022, which is down 0.2 percentage points from last month’s forecast, and expand 7.2% in 2023.


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Vietnam Industry September 2022

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


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