Vietnam's industrial production declined by 7.4 percent year-on-year in August 2021, after a revised 0.3 percent drop a month earlier. This was the second straight month of fall in industrial output, amid ongoing COVID-19 infections, with output decreasing for both manufacturing (-9.2 percent vs 0.7 in July) and mining (-2.4 percent vs -10.9 percent). At the same time, production growth slowed for both water supply and waste treatment (0.2 percent vs 1 percent) and electricity, gas supply (1.5 percent vs 1.7 percent). Considering the first eight months of the year, industrial output expanded 5.6 percent over the same period of 2020. source: General Statistics Office of Vietnam

Industrial Production in Vietnam averaged 8.56 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 September of 2021.

Industrial Production in Vietnam is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
-7.40 -0.30 28.40 -10.50 2009 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-29 02:00 AM May 11.6% 22.2%
2021-06-29 02:00 AM Jun 6.8% 11.8% 8.3%
2021-07-29 02:00 AM Jul 2.2% 4.9% 5.2%
2021-08-29 02:00 AM Aug -7.4% 2.2% 3%
2021-09-30 02:00 AM Sep
2021-10-29 02:00 AM Oct
2021-11-29 02:00 AM Nov
2021-12-28 02:00 AM Dec


News Stream
Vietnam Industrial Output Falls for 2nd Month
Vietnam's industrial production declined by 7.4 percent year-on-year in August 2021, after a revised 0.3 percent drop a month earlier. This was the second straight month of fall in industrial output, amid the latest wave of the Delta strain of COVID-19 infections, with output decreasing for both manufacturing (-9.2 percent vs 0.7 in July) and mining (-2.4 percent vs -10.9 percent). At the same time, production growth slowed for both water supply and waste treatment (0.2 percent vs 1 percent) and electricity, gas supply (1.5 percent vs 1.7 percent). Considering the first eight months of the year, industrial output expanded 5.6 percent over the same period of 2020.
2021-08-29
Vietnam Industrial Output Growth at 5-Month Low
Vietnam's industrial production rose by 2.2 percent year-on-year in July of 2021, slowing from a downwardly revised 4.9 percent gain a month earlier. This was the weakest pace of expansion in industrial output since February, amid the latest wave of local COVID-19 infections, with output growth easing for both manufacturing (2.9 percent vs 6 percent in June) and electricity, gas supply (6.2 percent vs 6.7 percent). In addition, mining production fell at a steeper rate (-8 percent vs -4.9 percent). Meantime, the output of water supply and waste treatment increased by 4.4 percent after falling 0.1 percent in June. Considering the first seven months of the year, industrial output expanded 7.9 percent over the same period of 2020.
2021-07-29
Vietnam Industrial Output Growth Eases
Vietnam's industrial production rose by 6.8 percent year-on-year in June of 2021, slowing from an upwardly revised 11.8 percent gain a month earlier. This was the fourth straight month growth in industrial output on the back of the ongoing COVID-19 pandemic, with output rising at softer rates for both manufacturing (11.6 percent vs 14.4 percent in May), and electricity, gas supply (8.6 percent vs 12.7 percent). In addition, mining production dropped further (-6 percent vs -5.9 percent). On the other hand, the output of water supply and waste treatment grew faster (6.8 percent vs 4.1 percent). Considering the first six months of the year, industrial output advanced 9.3 percent over the same period of 2020.
2021-06-29
Vietnam Industrial Output Rises for 3rd Month
Vietnam's industrial production rose by 11.6 percent year-on-year in May of 2021, slowing from a downwardly revised 22.2 percent surge a month earlier. This was the third straight month growth in industrial output on the back of the ongoing COVID-19 pandemic. Output rose at a softer rates for manufacturing (14.6 percent vs 26.4 percent in April), electricity, gas supply (12 percent vs 19.8 percent), and water supply and waste treatment (6.8 percent vs 11.8 percent). At the same time, mining production dropped much faster (-9.8 percent vs -0.7 percent). Considering the first five months of the year, industrial output advanced 9.9 percent over the same period of 2020.
2021-05-29

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.