Retail sales in Vietnam jumped by 30.9 percent year-on-year in April 2021, following a 9.2 percent rise in the previous month. This marked the eleventh straight month of growth in retail trade and the fastest rate since December 2011, amid strengthening consumption as the economy recovered further from the coronavirus shocks. Sales growth accelerated strongly for goods (22.2 percent vs 8.5 percent in March), accommodation, foods & beverages (92.3 percent vs 13.6 percent), and other services (16,456 percent vs 11.4 percent). In addition, there was a strong upturn in travel sales (745.6 percent vs -34.6 percent). From the January to April period, retail trade grew by 10 percent over the same period of 2020. source: General Statistics Office of Vietnam

Industrial Production in Vietnam averaged 8.73 percent from 2009 until 2021, 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 May of 2021.

Industrial Production in Vietnam is expected to be 7.50 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 5.50 in 12 months time. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2022, according to our econometric models.

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Vietnam Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
24.10 3.90 28.40 -10.50 2009 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 02:00 AM Jan 22.2% 9.5% 6.5%
2021-02-28 02:00 AM Feb -7.2% 22.2% 8.5%
2021-03-29 02:00 AM Mar 3.9% -8.3% 6.5%
2021-04-29 02:00 AM Apr 24.1% 3.6% 6.5%
2021-05-31 02:00 AM May
2021-06-30 02:00 AM Jun
2021-07-30 02:00 AM Jul
2021-08-31 02:00 AM Aug


News Stream
Vietnam Industrial Output Growth at Over 11-Year High
Vietnam's industrial production surged 24.1 percent year-on-year in April of 2021, following a downwardly revised 3.6 percent rise a month earlier, amid an accelerated pickup in factory activity in the wake of the COVID-19 pandemic. This was the second straight month of growth in industrial output and the steepest pace since January 2010, boosted by higher output in manufacturing (29.1 percent vs 5.5 percent in March), electricity, gas supply (16.4 percent vs 3.4 percent), and water supply and waste treatment (11.1 percent vs 8.7 percent). In addition, mining production increased by 1.8 percent, after falling 8.3 percent in March. Considering the first four months of the year, industrial output advanced 10 percent over the same period of 2020.
2021-04-29
Vietnam Industrial Output Grows 3.9% YoY in March
Vietnam's industrial production rose by 3.9 percent year-on-year in March of 2021, following a revised 8.3 percent fall a month earlier, amid a rebound in factory activity in the wake of the COVID-19 pandemic, with output rising for most sectors: manufacturing (5.5 percent vs -5.8 percent in February), electricity, gas supply (3.4 percent vs -2.3 percent), and water supply and waste treatment (8.7 percent vs 0.1 percent). At the same time, mining production fell much softer (-8.3 percent vs -23 percent). Considering the first three months of the year, industrial output advanced 5.7 percent over the same period of 2020.
2021-03-29
Vietnam Industrial Output Falls for First Time in 6 Months
Vietnam's industrial production declined by 7.2 percent year-on-year in February of 2021, following a revised 22.5 percent surge a month earlier. This was the first drop in factory output since August 2020, amid a resurgence in local COVID-19 infections and natural disasters. Output shrank for most sectors: mining (-23 percent); manufacturing (-5.8 percent); and electricity, gas supply (-2.3 percent). At the same time, water supply and waste treatment edged up 0.1 percent. Considering the first two months of the year, industrial output advanced 7.4 percent over the same period of 2020.
2021-02-28
Vietnam Industrial Output Growth at 11-Month High
Vietnam's industrial production jumped 22.2 percent year-on-year in January of 2021, accelerating from a 9.5 percent growth a month earlier. This was the fifth straight month of increase in industrial output and the strongest since February last year, amid intensive public health measures to contain the spread of the coronavirus outbreak in the country and the implementation of the EU and Vietnam Free Trade Agreement (EVFTA). Output grew faster for most sectors: manufacturing (27.2 percent vs 13.1 percent in December); electricity, gas supply (16.3 percent vs 2.1 percent); and water supply and waste treatment (8.4 percent vs 8 percent). At the same time, mining output fell at a slower rate (-6.2 percent vs -10.4 percent).
2021-01-29

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.