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
|Industrial Production (annual variation in %)||5.9||7.6||10.0||7.3||9.4|
5 years of economic forecasts for more than 30 economic indicators.
Vietnam Industry Chart
Source: General Statistics Office of Vietnam and FocusEconomics calculations.
|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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August 1, 2018
Vietnam’s manufacturing sector lost pace in July, as reflected by a drop in the Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit, which fell from 55.7 in June to 54.9.
July 2, 2018
The Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit shot up to 55.7 in June from 53.9 in May and was one of the highest readings since the survey began in March 2011.
June 29, 2018
According to the General Statistics Office of Vietnam, consumer prices rose 0.61% over the previous month in June, which marked a slightly bigger increase than the 0.55% month-on-month rise in May.
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.
June 29, 2018
The economy expanded 7.1% over the same period of the previous year in the January–June period, slightly down from the 7.5% expansion recorded in January–March, as growth in the second quarter decelerated to 6.8%.