Russia: Industrial output records lowest expansion in over a year in June
Industrial output rose 1.9% year on year in June (May: +5.3% yoy). The result marked the worst reading since March...
Industrial Production in Vietnam
Vietnam's economy recorded average industrial production growth of 12.0% in the decade to 2022, significantly above the 4.1% average for the Asia-Pacific region. In 2022, industrial production growth was 15.5%. 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 2023.
Source: Macrobond.
Vietnam Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.9 | 2.4 | 2.1 | 15.5 | -11.3 |
Industrial output posts quickest growth since January in June
Industrial production grew 10.9% year on year in June (May: +8.9% yoy). June's result marked the best reading since January. The figure reflected a broad-based upturn, with activity in the manufacturing, electricity, and mining and quarrying sub-sectors all improving in June. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 5.7%, up from May's 5.0%.
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.
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