Vietnam skyline

Vietnam Industry September 2020

Vietnam: Industrial output rebounds in September

Industrial output grew 3.8% compared to the same month a year earlier in September, which contrasted August’s 0.6% decrease. September’s rebound was largely due to an upturn in manufacturing and electricity output.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at plus 3.6%, down from August’s 4.1% reading.

Looking ahead, industrial production should recover as economic activity ramps up abroad. Moreover, the underlying strength of Vietnam’s industrial sector remains intact despite Covid-19: Vietnam is an attractive low-cost base for manufacturing firms, including those looking to relocate from China due to the U.S.-China trade spat, thanks to a cheap workforce and business-friendly government. However, the possibility of flare-ups in infections, both in Vietnam and abroad, is a risk to the sector.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest