Industry in Vietnam
Vietnam - Industry
Industrial output accelerates markedly in June
Vietnam’s industrial sector grew again at a robust pace in June, with growth of the sector accelerating to 12.3% in annual terms from 7.1% in May.
Looking at a breakdown of the data, two out of the four sectors showed an improved performance, while the other two sectors deteriorated. The manufacturing sector grew at a faster pace of 15.5% in June compared to 9.1% in May, while the rate of contraction of the mining and quarrying sector eased to 3.6% in June from a 7.6% drop in May. On the other hand, electricity and gas supply lost some pace from the previous month, expanding 10.0% in June, down from 11.2% in May. Moreover, the water supply, sewerage, waste management and remediation activities sectors slowed slightly, with growth of the sector edging down to 8.0% in June from 8.2% in May.
In month-on-month terms, industrial production contracted 0.2%, contrasting growth of 2.2% in May. Annual average growth in industrial output edged up to 11.9% in June from 11.6% in May
FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.5% in 2018, which is up 0.8 percentage points from last month’s forecast. For 2019, panelists expect industrial production to expand 9.6%.
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 | 5.01 | -0.13 % | Aug 15 |
| Exchange Rate | 23,313 | 0.01 % | Aug 15 |
| Stock Market | 961 | 0.15 % | Aug 15 |
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Vietnam: Industrial output accelerates markedly in June
June 29, 2018
Vietnam’s industrial sector grew again at a robust pace in June, with growth of the sector accelerating to 12.3% in annual terms from 7.1% in May. Looking at a breakdown of the data, two out of the four sectors showed an improved performance, while the other two sectors deteriorated.
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