Industry in Vietnam

Vietnam Industry | Economic News & Forecasts

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  

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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

Bond Yield4.80-0.13 %Apr 12
Exchange Rate23,2000.01 %Apr 12
Stock Market9830.15 %Apr 12

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