Vietnam's industrial production rose by 5.3 percent year-on-year in November 2022, after a downwardly revised 5.5 percent growth a month earlier. This was the 13th straight month of increases in industrial output but the softest pace since January amid growing cost pressures and the impact of rising COVID cases and strict restrictions in China. Output moderated for both electricity and gas supply (4.6% vs 9.3% in October) and water supply and waste treatment (13.2% vs 14.4%) while manufacturing production growth was stable (at 4.4%). Meantime, mining activity grew by 16.9%, faster than a 12.1% rise in October. Considering the first eleven months of the year, industrial production expanded by 8.6 percent from the same period in 2021. source: General Statistics Office of Vietnam

Industrial Production in Vietnam averaged 8.39 percent from 2009 until 2022, 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 December of 2022.

Industrial Production in Vietnam is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Industrial Production is projected to trend around 2.90 percent in 2023 and 5.50 percent in 2024, according to our econometric models.

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Vietnam Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-10-29 02:00 AM Oct 6.3% 10.3% 10%
2022-11-29 02:00 AM Nov 5.3% 5.5% 1.9%
2022-12-28 02:00 AM Dec 5.3%


Related Last Previous Unit Reference
Industrial Production 5.30 5.50 percent Nov 2022
Manufacturing Production 12.50 16.20 percent Sep 2022
Changes in Inventories 148762.62 166647.00 VND Billion Dec 2021
Mining Production 6.30 16.30 percent Oct 2022
Electricity Production 21600.00 21600.00 Gigawatt-hour Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.50 28.40 -10.50 2009 - 2022 percent Monthly
2015=100, NSA

News Stream
Vietnam Industrial Output Growth at 10-Month Low
Vietnam's industrial production rose by 5.3 percent year-on-year in November 2022, after a downwardly revised 5.5 percent growth a month earlier. This was the 13th straight month of increases in industrial output but the softest pace since January amid growing cost pressures and the impact of rising COVID cases and strict restrictions in China. Output moderated for both electricity and gas supply (4.6% vs 9.3% in October) and water supply and waste treatment (13.2% vs 14.4%) while manufacturing production growth was stable (at 4.4%). Meantime, mining activity grew by 16.9%, faster than a 12.1% rise in October. Considering the first eleven months of the year, industrial production expanded by 8.6 percent from the same period in 2021.
2022-11-29
Vietnam Industrial Output Growth at 9-Month Low
Vietnam's industrial production rose by 6.3 percent year-on-year in October 2022, after a downwardly revised 10.3 percent growth a month earlier. This was the 12th straight month of increases in industrial output but the softest pace since January, amid persistently high cost of raw materials and the impact of anti-COVID measures at ports in China. Output moderated for most sectors: mining (6.3% vs 14.9% in September), manufacturing (5.7% vs 9.6%), and electricity and gas supply (10.5% vs 16.4%). Meanwhile, water supply and waste treatment grew 15.7 percent, much faster than a 9.1 percent gain in September. Considering the first ten months of the year, industrial production expanded by 9.0 percent from the same period in 2021.
2022-10-29
Vietnam Industrial Output Grows for 11th Month
Vietnam's industrial production rose by 13.0 percent year-on-year in September 2022, after a downwardly revised 13.3 percent growth a month earlier which was the steepest pace since April 2021. This was the 11th straight month of increases in industrial output, as the economy reopened further in the wake of COVID-19 disruptions. Output growth moderated for both manufacturing (12.5 percent vs 16.2 in August) and water supply and waste treatment (8.8 percent vs 11.0 percent). Meantime, production increased faster for both mining output (16.3 percent vs 10.2 percent) and electricity, and gas supply (16.7 percent vs 14.8 percent). Considering the first nine months of the year, industrial production expanded 9.6 percent from the same period in 2021.
2022-09-29