Vietnam's industrial production rose by 9.2 percent year-on-year in November of 2020, accelerating from a 5.4 percent gain a month earlier. This was the third straight month of increase in industrial output and the strongest since February, 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 both manufacturing (11.9 percent vs 8.3 percent in October) and electricity, gas supply (4 percent vs 1 percent); while the water supply and waste treatment rose further (5.3 percent vs 9.9 percent). At the same time, mining output fell much softer (-6.2 percent vs -14.5 percent). Considering the first eleven months of the year, industrial output grew by 3.1 percent compared to the same period of 2019. source: General Statistics Office of Vietnam

Industrial Production in Vietnam averaged 8.67 percent from 2009 until 2020, 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 November of 2020.

Industrial Production in Vietnam is expected to be 5.50 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 6.50 in 12 months time. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2021, according to our econometric models.

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Vietnam Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
9.20 5.40 28.40 -10.50 2009 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-29 02:00 AM Aug -0.6% 1.1% 1.5%
2020-09-29 02:00 AM Sep 3.8% -0.6% 1.5%
2020-10-29 02:00 AM Oct 5.4% 3.8%
2020-11-29 02:00 AM Nov 9.2% 5.4% 5.9%
2020-12-28 02:00 AM Dec 9.2% 5.5%
2021-01-29 02:00 AM Jan
2021-02-28 02:00 AM Feb
2021-03-27 06:30 AM Mar


News Stream
Vietnam Industrial Output Growth at 9-Month High
Vietnam's industrial production rose by 9.2 percent year-on-year in November of 2020, accelerating from a 5.4 percent gain a month earlier. This was the third straight month of increase in industrial output and the strongest since February, 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 both manufacturing (11.9 percent vs 8.3 percent in October) and electricity, gas supply (4 percent vs 1 percent); while the water supply and waste treatment rose further (5.3 percent vs 9.9 percent). At the same time, mining output fell much softer (-6.2 percent vs -14.5 percent). Considering the first eleven months of the year, industrial output grew by 3.1 percent compared to the same period of 2019.
2020-11-29
Vietnam Industrial Output Growth at 4-Month High
Vietnam's industrial production rose by 5.4 percent year-on-year in October of 2020, after a 3.8 percent gain a month earlier. This was the strongest increase in industrial output since June, amid intensive public health measures to contain the spread of the coronavirus outbreak in the country, with output expanding much faster for both manufacturing (8.3 percent vs 4.6 percent in September) and water supply and waste treatment (9.9 percent vs 5.3 percent). In addition, the electricity supply continued to rise (1 percent vs 5.5 percent). In contrast, mining output fell further (-14.5 percent vs -5.7 percent). Considering the first ten months of the year, industrial output grew by 2.7 percent compared to the same period of 2019.
2020-10-29
Vietnam Industrial Output Rebounds
Vietnam's industrial production rose by 3.8 percent year-on-year in September of 2020, after a 0.6 percent fall a month earlier. This was the strongest increase in industrial output since June, amid intensive public health measures to contain the spread of the coronavirus outbreak in the country. Output expanded for most sectors: manufacturing (4.6 percent vs -0.1 percent), electricity supply (5.5 percent vs -0.7 percent), and water supply and waste treatment (5.3 percent vs 2.2 percent). In contrast, production of mining fell further (-5.7 percent vs -5.1 percent). Considering the first nine months of the year, industrial output grew by 2.4 percent compared to the same period of 2019.
2020-09-29
Vietnam Industrial Output Falls for First Time in 3 Months
Vietnam's industrial production declined by 0.6 percent year-on-year in August of 2020, after a 1.1 percent growth a month earlier. This was the first drop in industrial output since May, amid a resurgence in local COVID-19 cases in late July, with output falling for most sectors: mining (-5.1 percent vs -7.9 percent in July), manufacturing (-0.1 percent vs 2.1 percent), and electricity supply (-0.7 percent vs 2.7 percent). Meantime, production of water supply and waste treatment was little-changed(2.2 percent vs 2.1 percent). Considering the first eight months of the year, industrial output grew by 2.2 percent compared to the same period of 2019.
2020-08-29

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.