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. Industrial Production in Vietnam averaged 9.16 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.
Industrial Production in Vietnam is expected to be 9.10 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 7.00 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.