Latest reading: Industrial output rose 5.8% in year-on-year terms in May, which was a deterioration from April’s 8.7% increase but...
Industrial Production in Vietnam
The Vietnamese economy recorded an average industrial production growth rate of 10.2% in the decade to 2024. In 2024, industrial production growth was 9.4%. 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 gains steam in May
Latest reading: Industrial output grew 9.4% compared to the same month a year earlier in May, which was above April's 8.8% increase. Looking at the details of the release, manufacturing production accelerated in May. Moreover, mining and quarrying output increased at a quicker pace. On a less positive note, electricity production slowed. Meanwhile, annual average of industrial production was 9.3% in May, matching April's print.
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 4 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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