Industry in Vietnam
Vietnam - Industry
Industrial production slows in March
Industrial production rose 9.1% in annual terms in March, down from the 10.3% increase logged in February. The slight moderation in March was largely due to weaker manufacturing output and electricity and gas supply. On the other hand, mining and quarrying recovered slightly from February’s contraction, while water supply, sewerage, waste management and remediation activities picked up notably in the month.
In month-on-month terms, industrial production growth soared to 27.6% in March, rebounding from the sharp 16.8% fall registered in February. Meanwhile, annual average growth in industrial output edged up to 10.2% in March from 10.1% in February.
FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.4% in 2019, which is up 0.5 percentage points from last month’s forecast. For 2020, panelists expect industrial production to expand 8.4%.
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 | 4.80 | -0.13 % | Apr 12 |
| Exchange Rate | 23,200 | 0.01 % | Apr 12 |
| Stock Market | 983 | 0.15 % | Apr 12 |
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Economic News
Vietnam: Manufacturing sector gains traction in March
April 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) ticked up to 51.9 points in March from February’s 35-month low of 51.2 points.
Vietnam: Industrial production slows in March
March 29, 2019
Industrial production rose 9.1% in annual terms in March, down from the 10.3% increase logged in February.
Vietnam: Inflation inches up in March
March 29, 2019
According to the General Statistics Office of Vietnam, consumer prices fell 0.21% over the prior month in March, contrasting the 0.80% rise logged in February.
Vietnam: Vietnamese economy loses momentum at outset of year
March 29, 2019
The economy lost traction at the start of 2019, with GDP growth decelerating to 6.8% in Q1 over the same quarter of the previous year, down from the robust 7.3% expansion recorded in the fourth quarter of 2018.
Vietnam: Manufacturing PMI ticks down to nearly three-year low in February
March 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) edged down to a 35-month low of 51.2 points in February from 51.9 points in January, on muted demand and falling employment.
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