Vietnam's industrial production rose by 9.7 percent year-on-year in July 2019, following a 9.6 percent growth in the previous month. Output growth accelerated for electricity supply and distribution (10.5 percent vs 8.6 percent in June), water supply and waste treatment (7.4 percent vs 6 percent), and mining and quarrying (4.4 percent vs 4 percent). Meanwhile, manufacturing production growth slowed to 10.4 percent from 10.6 percent. Considering January to July, industrial output grew by 9.4 percent compared to the same period 2018. Industrial Production in Vietnam averaged 9.16 percent from 2009 until 2019, reaching an all time high of 28.40 percent in January of 2010 and a record low of -10.10 percent in February of 2013.
Industrial Production in Vietnam is expected to be 8.30 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 8.00 in 12 months time. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2020, according to our econometric models.