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.

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Vietnam Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
1.10 7.00 28.40 -10.50 2009 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 02:00 AM Apr -10.5% 5.8% 4.5%
2020-05-29 02:00 AM May -3.1% -10.5% -7.5%
2020-06-29 02:00 AM Jun 7% -3.1% 8%
2020-07-29 02:00 AM Jul 1.1% 7% 7.5%
2020-08-29 02:00 AM Aug 1.1%
2020-09-28 02:00 AM Sep 9.5%
2020-10-29 02:00 AM Oct
2020-11-29 02:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Vietnam Industrial Output Rise for 2nd Month
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.
2020-07-29
Vietnam Industrial Output Rebounds in June
Vietnam's industrial production rose by 7 percent year-on-year in June 2020, rebounding from a 3.1 percent fall a month earlier, amid intensive public health measures to contain the spread of the coronavirus outbreak in the country. There was an upturn in manufacturing production (10.3 percent vs -2.4 percent in May), while output grew further for both water supply and waste treatment (2.1 percent vs 2.3 percent) and electricity supply (1.7 percent vs 2 percent). At the same time, mining output fell at a softer rate (-8.9 percent vs -13 percent). Considering the first six months of the year, industrial output advanced 2.71 percent over the same period a year ago.
2020-06-29
Vietnam Industrial Output Falls at Softer Pace
Vietnam's industrial production declined by 3.1 percent year-on-year in May of 2020, compared with a 10.5 percent plunge in the previous month, amid intensive public health measures to contain the spread of the coronavirus outbreak in the country, with production continuing to fall for both manufacturing (-2.4 percent vs -11.3 percent), and mining (-13 percent vs -10.7 percent). Meanwhile, water supply and waste treatment output grew slightly faster (2.3 percent vs 2 percent) on the back of a rebound in electricity supply (2 percent vs -6.9 percent). Considering the first five months of the year, industrial output advanced 1 percent over the same period a year ago.
2020-05-29
Vietnam Industrial Output Drops at Record Pace in April
Vietnam's industrial production plunged 10.5 percent year-on-year in April of 2020, compared with a 5.4 percent gain in the previous month. This was the steepest decline on record in industrial output, as the coronavirus outbreak forced businesses to halt their activity. Production contracted for: manufacturing (-11.3 percent vs 7.3 percent in March); mining (-10.7 percent vs -9.5 percent); and electricity supply (-6.9 percent vs -7.3 percent). Meanwhile, water supply and waste treatment output growth slowed sharply (2 percent vs 9.5 percent). Considering the first four months of the year, industrial output advanced 1.8 percent over the same period a year ago.
2020-04-29

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.