Vietnam's industrial production rose by 6.2 percent year-on-year in December 2019, accelerating from a 5.4 percent gain in the previous month. Considering January to December, industrial output grew by 9.1 percent compared to the same period the prior year. Industrial Production in Vietnam averaged 9.13 percent from 2009 until 2019, reaching an all time high of 28.40 percent in January of 2010 and a record low of -10.10 percent in February of 2013. source: General Statistics Office of Vietnam

Industrial Production in Vietnam is expected to be 5.00 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 9.50 in 12 months time. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2020, according to our econometric models.

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Vietnam Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
6.20 5.40 28.40 -10.10 2009 - 2019 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-28 02:00 AM Sep 10.2% 10.5% 8.3%
2019-10-29 02:00 AM Oct 9.2% 10.2% 9.6%
2019-11-29 02:00 AM Nov 5.4% 9.2% 8.5%
2019-12-27 06:30 AM Dec 6.2% 5.4% 5.0%
2020-01-29 02:00 AM Jan 6.2% 7.5%


News Stream
2019-11-29
Vietnam Industrial Output Growth Slows to Near 3-Year Low
Vietnam's industrial production rose by 5.4 percent year-on-year in November 2019, easing from a 9.2 percent gain in the previous month. This was the weakest yearly increase in industrial output since a 7.5 percent decline in January 2017, as production growth slowed for manufacturing (6.5 percent vs 10.8 percent in October), electricity supply and distribution (7.5 percent vs 8.1 percent), and water supply and waste treatment (6.3 percent vs 6.9 percent). In addition, mining and quarrying output fell much further (-5.3 percent vs -0.2 percent). Considering January to November, industrial output grew by 9.3 percent compared to the same period the prior year.

2019-10-29
Vietnam Industrial Output Growth Slows to 9-Month Low
Vietnam's industrial production rose by 9.2 percent year-on-year in October 2019, easing from a 10.2 percent gain in the previous month. This was the weakest yearly increase in industrial output since a 7.9 percent advance in January, as production growth slowed for manufacturing (10.8 percent vs 12.3 percent in September), electricity supply and distribution (8.1 percent vs 10.6 percent), and water supply and waste treatment (6.9 percent vs 8.9 percent). In addition, mining and quarrying output fell further (-0.2 percent vs -6.6 percent). Considering January to October, industrial output grew by 9.5 percent compared to the same period the prior year.

2019-09-28
Vietnam Industrial Output Growth Slows in September
Vietnam's industrial production rose by 10.2 percent year-on-year in September 2019, easing from a 10.5 percent gain in the previous month, amid a sharp decline in mining and quarrying (-6.6 percent vs 14.4 percent in August). Meanwhile, output growth accelerated for manufacturing (12.3 percent vs 10.3 percent), electricity supply and distribution (10.6 percent vs 10.3 percent), and water supply and waste treatment (8.9 percent vs 7.6 percent). Considering January to September, industrial output grew by 9.6 percent compared to the same period the prior year.

2019-08-29
Vietnam Industrial Output Growth at 8-Month High
Vietnam's industrial production rose by 10.5 percent year-on-year in August 2019, after a 9.7 percent gain in the previous month. It was the biggest increase in industrial output since December last year, as production went up further in mining and quarrying (14.4 percent vs 4.4 percent in July) and water supply and waste treatment (7.6 percent vs 7.4 percent). Meanwhile, output growth eased for both manufacturing (10.3 percent vs 10.4 percent) and electricity supply and distribution (10.3 percent vs 10.5 percent). Considering January to August 2019, industrial output grew by 9.5 percent compared to the same period the prior year.

2019-07-29
Vietnam Industrial Output Growth Little-Changed in July
Vietnam's industrial production rose by 9.7 percent year-on-year in July 2019, following a 9.6 percent growth in the previous month. Output growth accelerated for electricity supply and distribution (10.5 percent vs 8.6 percent in June), water supply and waste treatment (7.4 percent vs 6 percent), and mining and quarrying (4.4 percent vs 4 percent). Meanwhile, manufacturing production growth slowed to 10.4 percent from 10.6 percent. Considering January to July, industrial output grew by 9.4 percent compared to the same period 2018.

2019-06-28
Vietnam Industrial Output Growth Slows in June
Vietnam's industrial production rose by 9.6 percent year-on-year in June 2019, slowing from a 10.0 percent growth in the previous month. Output increased at a softer rate for both manufacturing (10.6 percent vs 11.6 percent in May) and electricity supply and distribution (8.6 percent vs 11 percent). Meanwhile production of water supply and waste treatment grew faster (6.0 percent vs 7.9 percent), while mining and quarrying output rebounded (4 percent vs -1.5 percent). Considering the January to June period, industrial output grew by 9.5 percent compared to the same period a year earlier.


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.

Vietnam Business Last Previous Highest Lowest Unit
Manufacturing PMI 50.80 51.00 56.50 43.60 points [+]
Industrial Production 6.20 5.40 28.40 -10.10 percent [+]
Manufacturing Production 6.50 10.80 26.30 -12.40 percent [+]
Changes in Inventories 148644.00 140219.87 148644.00 530.00 VND Billion [+]
Car Registrations 31425.00 27989.00 32511.00 2992.00 [+]
Internet Speed 9503.83 8250.20 9503.83 702.84 KBps [+]
IP Addresses 8616202.00 8120243.00 8616202.00 739771.00 IP [+]
Mining Production -5.30 -0.20 14.80 -17.70 percent [+]
Competitiveness Index 61.54 58.05 61.54 4.02 Points [+]
Competitiveness Rank 67.00 77.00 77.00 56.00 [+]
Ease of Doing Business 70.00 69.00 99.00 68.00 [+]
Electricity Production 18400.00 18800.00 21100.00 671.00 Gigawatt-hour [+]
Corruption Index 33.00 35.00 35.00 24.00 Points [+]
Corruption Rank 117.00 107.00 123.00 43.00 [+]