Vietnam's industrial production rose by 10.0 percent year-on-year in May 2019, accelerating from a 9.3 percent growth in the previous month. Output increased further for manufacturing (11.6 percent vs 10 percent in April); and water supply and waste treatment (8.4 percent vs 7.9 percent). On the other hand, production of electricity supply and distribution went up at a softer pace (11.0 percent vs 12.4 percent) and mining and quarrying output declined (-1.5 percent vs 2.4 percent). Considering the first five months of the year, industrial output grew by 9.4 percent compared to the same period a year earlier. Industrial Production in Vietnam averaged 9.15 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 9.10 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 7.00 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.