Vietnam Industry November 2018

Vietnam

Vietnam: Industrial production growth gains momentum in November

November 30, 2018

Industrial production expanded 9.6% over the same month a year ago in November, a solid pick-up from the 7.7% expansion recorded in October.

The acceleration came on the back of stronger output in the manufacturing sector and faster growth in the electricity and gas supply sector, while a slight rebound in the mining and quarry sector also supported the headline print. Meanwhile, growth in the water supply, sewerage, waste management and remediation activities sector moderated notably.

In month-on-month terms, industrial production growth slowed to 2.9% in November from 5.3% in October. Annual average growth in industrial output fell to 11.1% in November from 11.7% in October.

Vietnam Industrial Production Forecast


FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.0% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect industrial production to expand 7.9%.


Author:, Economist

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Vietnam Industry November 2018

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


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