Vietnam's industrial production declined by 5.5 percent year-on-year in January 2020, following a 6.2 percent growth in the previous month. This was the first drop in output since January 2017, as the Lunar New Year holiday was at the end of January this year, reducing the number of working days. Output fell for mining (-12.9 percent), manufacturing (-4.8 percent) and electricity production and distribution (-3.5 percent). In contrast, water supply and waste treatment increased 1.6 percent. On a monthly basis, industrial output plunged 11.8 percent.

Industrial Production in Vietnam averaged 9.10 percent from 2009 until 2020, 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. 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. source: General Statistics Office of Vietnam

Industrial Production in Vietnam is expected to be 7.00 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 6.90 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.


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Vietnam Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-5.50 6.20 28.40 -10.10 2009 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 02:00 AM Oct 9.2% 10.2% 9.6%
2019-11-29 02:00 AM Nov 5.4% 9.2% 8.5%
2019-12-27 06:30 AM Dec 6.2% 5.4% 5.0%
2020-01-29 02:00 AM Jan -5.5% 6.2% 7.5%
2020-02-29 02:00 AM Feb -5.5% 4.5%
2020-03-29 02:00 AM Mar 7%
2020-04-29 02:00 AM Apr
2020-05-29 02:00 AM May


News Stream
Vietnam Industrial Output Falls for First Time in 3 Years
Vietnam's industrial production declined by 5.5 percent year-on-year in January 2020, following a 6.2 percent growth in the previous month. This was the first drop in output since January 2017, as the Lunar New Year holiday was at the end of January this year, reducing the number of working days. Output fell for mining (-12.9 percent), manufacturing (-4.8 percent) and electricity production and distribution (-3.5 percent). In contrast, water supply and waste treatment increased 1.6 percent. On a monthly basis, industrial output plunged 11.8 percent.
2020-01-29
Vietnam Industrial Output Growth Rises to 6.2%
Vietnam's industrial production rose by 6.2 percent year-on-year in December 2019, accelerating from a 5.4 percent gain in the previous month. Considering January to December, industrial output grew by 9.1 percent compared to the same period the prior year.
2019-12-27
Vietnam Industrial Output Growth Slows to Near 3-Year Low
Vietnam's industrial production rose by 5.4 percent year-on-year in November 2019, easing from a 9.2 percent gain in the previous month. This was the weakest yearly increase in industrial output since a 7.5 percent decline in January 2017, as production growth slowed for manufacturing (6.5 percent vs 10.8 percent in October), electricity supply and distribution (7.5 percent vs 8.1 percent), and water supply and waste treatment (6.3 percent vs 6.9 percent). In addition, mining and quarrying output fell much further (-5.3 percent vs -0.2 percent). Considering January to November, industrial output grew by 9.3 percent compared to the same period the prior year.
2019-11-29
Vietnam Industrial Output Growth Slows to 9-Month Low
Vietnam's industrial production rose by 9.2 percent year-on-year in October 2019, easing from a 10.2 percent gain in the previous month. This was the weakest yearly increase in industrial output since a 7.9 percent advance in January, as production growth slowed for manufacturing (10.8 percent vs 12.3 percent in September), electricity supply and distribution (8.1 percent vs 10.6 percent), and water supply and waste treatment (6.9 percent vs 8.9 percent). In addition, mining and quarrying output fell further (-0.2 percent vs -6.6 percent). Considering January to October, industrial output grew by 9.5 percent compared to the same period the prior year.
2019-10-29

Vietnam Industrial Production
In Vietnam, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.