Vietnam: Industrial production jumps in February
February 28, 2017
In February, industrial production rose 15.2% over the same month last year, which was well above the 0.7% rise in January and the highest figure in over two-years. An over 20% surge in manufacturing and robust growth in electricity, water and gas production was behind the strong performance. That said, February’s jump partially reflected a positive impact from the Lunar New Year holidays, which fell in January this year compared to February in 2016.
In month-on-month terms, industrial production decreased 2.1% in February (January: -6.2% month-on-month). The strength seen in the annual growth in February was reflected in the annual average growth of industrial production, which climbed from 6.9% in January to 7.5% in February, a four-month high.