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.