Industry in Vietnam
Vietnam - Industry
Industrial production softens at outset of the year
Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.
Softer growth in January was primarily driven by easing manufacturing production, while mining and quarrying output contracted sharply in the month. Moreover, growth in the electricity and gas supply sector was also weaker in January. On a brighter note, water supply, sewerage, waste management and remediation activities picked up.
In month-on-month terms, industrial production growth fell 3.2% in January, contrasting the 1.4% rise registered in December. Meanwhile, annual average growth in industrial output plunged to 9.9% in January from 11.1% in December.
FocusEconomics Consensus Forecast participants estimate that industrial output will grow 9.2% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, panelists expect industrial production to expand 8.1%.
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 | 4.75 | -0.13 % | Feb 14 |
| Exchange Rate | 23,202 | 0.01 % | Feb 14 |
| Stock Market | 952 | 0.15 % | Feb 14 |
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Economic News
Vietnam: Manufacturing conditions improve at a more modest pace in January
February 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell to 51.9 points in January from 53.8 points in December, on broad-based weakness among the components.
Vietnam: Inflation decelerates in January
January 29, 2019
According to the General Statistics Office of Vietnam, consumer prices fell 0.10% over the previous month in January, following the 0.25% drop logged in December.
Vietnam: Industrial production softens at outset of the year
January 29, 2019
Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.
Vietnam: Manufacturing sector ends the year on high note, despite dip in manufacturing PMI in December
January 2, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) dipped to 53.8 points in December from November’s robust 56.5-point multi-year high.
Vietnam: Industrial production surges in December
December 28, 2018
Industrial production grew 11.4% over the same month a year prior in December, gaining steam from the 9.6% increase recorded in November.
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