Vietnam: Industrial production growth edges up in November
November 29, 2017
The industrial sector’s robust performance continued in November: Year-on-year growth of industrial output rose to an over two-year high of 17.2%, up from October’s 17.0% increase.
November’s stellar performance was led by the manufacturing sector, which recorded the fastest expansion since January 2013. Double-digit accelerations were recorded in the electricity and gas; and water supply, sewerage, waste management and remediation activities sectors. Mining and quarrying output returned to contraction, however, following a modest rise in October.
In month-on-month terms, growth in industrial production plummeted to 2.8% in November after hitting a staggering 8.0% in October. Meanwhile, average annual growth in industrial production climbed to 9.7% in November from 8.9% in October.
Author: Nihad Ahmed, Economist