Industry in Vietnam

Vietnam Industry | Economic News & Forecasts

Vietnam - Industry

Industrial production softens at outset of the year

Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.

Softer growth in January was primarily driven by easing manufacturing production, while mining and quarrying output contracted sharply in the month. Moreover, growth in the electricity and gas supply sector was also weaker in January. On a brighter note, water supply, sewerage, waste management and remediation activities picked up.

In month-on-month terms, industrial production growth fell 3.2% in January, contrasting the 1.4% rise registered in December. Meanwhile, annual average growth in industrial output plunged to 9.9% in January from 11.1% in December.

FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.2% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, panelists expect industrial production to expand 8.1%.

Vietnam - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)5.9  7.6  10.0  7.3  9.4  

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Vietnam Industry Chart


Vietnam Industry
Note: Annual variation of industrial production in %.
Source: General Statistics Office of Vietnam and FocusEconomics calculations.

Vietnam Facts

ValueChangeDate
Bond Yield4.75-0.13 %Feb 14
Exchange Rate23,2020.01 %Feb 14
Stock Market9520.15 %Feb 14

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