Vietnam's industrial production rose by 3.9 percent year-on-year in March of 2021, following a revised 8.3 percent fall a month earlier, amid a rebound in factory activity in the wake of the COVID-19 pandemic, with output rising for most sectors: manufacturing (5.5 percent vs -5.8 percent in February), electricity, gas supply (3.4 percent vs -2.3 percent), and water supply and waste treatment (8.7 percent vs 0.1 percent). At the same time, mining production fell much softer (-8.3 percent vs -23 percent). Considering the first three months of the year, industrial output advanced 5.7 percent over the same period of 2020. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.63 percent from 2009 until 2021, reaching an all time high of 28.40 percent in January of 2010 and a record low of -10.50 percent in April of 2020. This page provides the latest reported value for - Vietnam Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Industrial Production in Vietnam is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Vietnam to stand at 6.50 in 12 months time. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2022, according to our econometric models.