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. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.66 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 March of 2021.
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 2022, according to our econometric models.