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.