Vietnam Industry


Vietnam: Industry improves in August

August 28, 2014

In August, industrial output rose 6.7% over the same month last year, which was up from the 6.1% increase recorded in the previous month. August’s result came on the back of a rebound in mining and quarrying as well as an improvement in water supply and waste management.

Industrial production rose 1.90% over the previous month in August, which was well above the 0.50% rise observed in July. Annual average growth in industrial production rose from 6.3% in July to 6.5% in August.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 7.7% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect that industrial production will expand 8.0%.

Author:, Senior Economist

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Vietnam Industry Chart

Vietnam Industry August 2014

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

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