Industry in Vietnam
Vietnam - Industry
Industrial production growth slows again in September
Vietnam’s industrial sector grew robustly in September, but the rate of expansion moderated notably. Industrial output expanded at a slower annual pace of 9.1% compared to 13.4% in August.
Looking at a breakdown of the data, the downturn in the industrial sector was due to a contraction in mining and quarrying output, led by a notable drop in the extraction of crude oil. The manufacturing sector, on the other hand, continued expanding at a double-digit pace. While the electricity and gas supply sector, and the water supply, sewerage, waste management and remediation activities sector also expanded, they did so at a weaker pace.
In month-on-month terms, industrial production slowed markedly, growing a meagre 0.8% in September, following a 7.3% expansion in August. Annual average growth in industrial output fell to 12.5% in September, down from 12.8% in August.
FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.1% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists expect industrial production to expand 8.9%, which is down 0.4 percentage points from last month.
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 | 5.09 | -0.13 % | Oct 18 |
| Exchange Rate | 23,348 | 0.01 % | Oct 18 |
| Stock Market | 963 | 0.15 % | Oct 18 |
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