Vietnam's industrial production declined by 7.4 percent year-on-year in August 2021, after a revised 0.3 percent drop a month earlier. This was the second straight month of fall in industrial output, amid ongoing COVID-19 infections, with output decreasing for both manufacturing (-9.2 percent vs 0.7 in July) and mining (-2.4 percent vs -10.9 percent). At the same time, production growth slowed for both water supply and waste treatment (0.2 percent vs 1 percent) and electricity, gas supply (1.5 percent vs 1.7 percent). Considering the first eight months of the year, industrial output expanded 5.6 percent over the same period of 2020. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.56 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 September of 2021.
Industrial Production in Vietnam is expected to be 6.50 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 6.90 percent in 2022, according to our econometric models.