Industry in Vietnam

Vietnam Industry | Economic News & Forecasts

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  

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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 Yield4.14-0.13 %Sep 04
Exchange Rate23,2000.01 %Sep 04
Stock Market9780.15 %Sep 04

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