Vietnam's industrial production rose by 1.1 percent year-on-year in July 2020, following a 7 percent growth a month earlier. This was the second straight month of increase in industrial output, amid ongoing coronavirus outbreak that slowed business activity. Output continued to expand for most components: manufacturing (2.1 percent vs 10.3 percent in June), water supply and waste treatment (2.1 percent vs 2.3 percent) and electricity supply (2.7 percent vs 2.7 percent). Meantime, mining output fell at a slower rate (-7.9 percent vs -8.9 percent). Considering the first seven months of the year, industrial output grew by 2.6 percent compared to the same period of 2019.
Industrial Production in Vietnam averaged 8.80 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 August of 2020. source: General Statistics Office of Vietnam
Industrial Production in Vietnam is expected to be 9.50 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 6.90 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.