Industry in Vietnam

Vietnam Industry | Economic News & Forecasts

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  

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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 Yield5.09-0.13 %Oct 18
Exchange Rate23,3480.01 %Oct 18
Stock Market9630.15 %Oct 18

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