Vietnam's industrial production rose by 3.8 percent year-on-year in September of 2020, after a 0.6 percent fall a month earlier. This was the strongest increase in industrial output since June, amid intensive public health measures to contain the spread of the coronavirus outbreak in the country. Output expanded for most sectors: manufacturing (4.6 percent vs -0.1 percent), electricity supply (5.5 percent vs -0.7 percent), and water supply and waste treatment (5.3 percent vs 2.2 percent). In contrast, production of mining fell further (-5.7 percent vs -5.1 percent). Considering the first nine months of the year, industrial output grew by 2.4 percent compared to the same period of 2019.
Industrial Production in Vietnam averaged 8.69 percent from 2009 until 2020, 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 October of 2020. source: General Statistics Office of Vietnam
Industrial Production in Vietnam is expected to be 1.50 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 7.50 in 12 months time. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2021, according to our econometric models.