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.

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Vietnam Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-7.20 22.50 28.40 -10.50 2009 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-29 02:00 AM Nov 9.2% 5.4% 5.9%
2020-12-27 07:00 AM Dec 9.5% 9.2% 5.5%
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%
2021-03-31 02:00 AM Mar -7.2% 6.5%
2021-04-30 02:00 AM Apr
2021-05-31 02:00 AM May
2021-06-30 02:00 AM Jun


News Stream
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 Output Grows the Most in 10 Months
Vietnam's industrial production rose by 9.5 percent year-on-year in December of 2020, after a 9.2 percent gain a month earlier. This was the fourth 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 further for most sectors: manufacturing (13.1 percent vs 11.9 percent in November); electricity, gas supply (2.1 percent vs 4.0 percent); and water supply and waste treatment (8.0 percent vs 5.3 percent). At the same time, mining output fell at a faster rate (-10.4 percent vs -6.2 percent). Considering full year of 2020, industrial output grew by 3.4 percent compared to the same period of 2019.
2020-12-27
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 Production
In Vietnam, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.