Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and...
Industrial Production in Vietnam
In the year 2024, the industrial production in Vietnam was 9.39%, compared to 7.62% in 2014 and -11.29% in 2023. It averaged 10.24% over the last decade. For more industry information, visit our dedicated page.
Vietnam Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Vietnam from 2014 to 2024.
Source: Macrobond.
Vietnam Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 2.4 | 2.1 | 15.5 | -11.3 | 9.4 |
Industrial output growth improves in November
Latest reading: Industrial output expanded 8.9% in year-on-year terms in November, which was above October's 7.0% increase. Looking at the details of the release, manufacturing output gained traction, and mining and quarrying production fell at a milder rate, pointing to fading negative effects of the Yagi Typhoon. That said, electricity output decelerated. Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 7.9%, up from October's 7.7% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Vietnamese industry projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Vietnamese industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Vietnamese industry projections.
Want to get access to the full dataset of Vietnamese industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Sweden: Industrial output rebounds sharply in April -
Argentina: Industrial output growth rises in April Latest reading: Industrial output expanded 8.5% compared to the same month of the previous year in April, which was above... -
France: Industrial activity drops at sharpest pace since May 2024 in April Latest reading: Industrial output fell 1.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.1% increase. April’s result... -
Austria: Industrial output growth gains momentum in April Latest reading: Industrial production expanded 2.0% month on month in seasonally adjusted terms in April (March: +0.6% mom s.a.). April’s... -
Bulgaria: Industrial downturn sharpens in April Latest reading: Industrial production nosedived 13.4% year on year in April (March: -9.9% yoy). The figure marked the worst reading... -
Malaysia: Industrial output growth loses pace in April Latest reading: Industrial output increased 2.7% compared to the same month a year earlier in April, which was a deterioration... -
Germany: Industrial output returns to the doldrums in April Latest reading: Industrial production decreased 1.4% on a seasonally and calendar-adjusted month-on-month basis in April. The reading was a deterioration...