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. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.67 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 November of 2020.
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 2021, according to our econometric models.