Industry in Vietnam
Vietnam - Industry
Industrial production growth accelerates in August
Industrial production rose 10.5% in August, up from July’s revised 9.8% increase (previously reported: +9.7% year-on-year). August’s figure was underpinned by strong momentum across all sectors: mining and quarrying, manufacturing, electricity and water supply.
Industrial output growth should remain elevated going forward, spearheaded by a burgeoning manufacturing sector. Vietnam is an attractive low-cost base for manufacturing firms, including those looking to relocate from China due to the U.S.-China trade spat, thanks to a cheap workforce and business-friendly government.
FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.1% in 2019 and 9.0% in 2020.
Vietnam - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 5.9 | 7.6 | 9.8 | 7.5 | 9.4 |
Vietnam Industry Chart
Source: General Statistics Office of Vietnam and FocusEconomics calculations.
Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.14 | -0.13 % | Sep 04 |
| Exchange Rate | 23,200 | 0.01 % | Sep 04 |
| Stock Market | 978 | 0.15 % | Sep 04 |
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Economic News
Vietnam: Manufacturing PMI falls in August
September 3, 2019
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in July to 51.4 in August.
Vietnam: Inflation stays muted in August
August 29, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.28% in August over the prior month, up from July’s 0.18% increase.
Vietnam: Industrial production growth accelerates in August
August 29, 2019
Industrial production rose 10.5% in August, up from July’s revised 9.8% increase (previously reported: +9.7% year-on-year).
Vietnam: Manufacturing PMI ticks up in July, continues to signal robust growth in the sector
August 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) inched up from 52.5 in June to 52.6 in July.
Vietnam: Industrial production growth rises in July
July 29, 2019
Industrial production rose 9.7% in July, up from June’s revised 9.0% increase (previously reported: +9.6% year-on-year).
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