Vietnam's industrial production increased by 9.1 percent in March 2019, easing from a 10.3 percent growth in the previous month. Output rose at a softer pace for both manufacturing (10.3 percent vs 12.8 percent in January); and electricity supply and distribution (9.8 percent vs 10.9 percent). Meantime, production growth accelerated for water supply and waste treatment (11 percent vs 7.2 percent). At the same time, mining and quarrying output rose 0.4 percent, reversing from a 5 percent drop in a month earlier. Considering the first three months of the year, industrial output grew by 9.2 percent compared to the same period a year earlier, slowing from a 12.7 percent gain in the corresponding period 2018. 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 8.40 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 7.70 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.