Industry in Vietnam
Vietnam - Industry
Industrial production growth gains momentum in November
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%.
Vietnam - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 5.9 | 7.6 | 10.0 | 7.3 | 9.4 |
Vietnam Industry Chart
Source: General Statistics Office of Vietnam and FocusEconomics calculations.
Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.16 | -0.13 % | Nov 29 |
| Exchange Rate | 23,328 | 0.01 % | Nov 29 |
| Stock Market | 927 | 0.15 % | Nov 29 |
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Economic News
Vietnam: Manufacturing PMI rises to second highest level in survey’s history in November
December 3, 2018
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) rose to 56.5 points in November, up notably from the 53.9 points logged in October and marking the best result since January 2000.
Vietnam: Inflation softens in November
November 30, 2018
According to the General Statistics Office of Vietnam, consumer prices fell 0.29% over the previous month in November, following the 0.33% increase in October.
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.
Vietnam: Manufacturing PMI regains ground in October
November 1, 2018
Vietnam’s manufacturing sector improved in October following a notable slowdown in September.
Vietnam: Industrial production growth decelerates in October
October 30, 2018
Industrial production expanded 7.7% in annual terms in October, a solid, albeit more moderate expansion than September’s 9.1% increase.
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