Vietnam's industrial production grew by 3.6 percent year-on-year in February 2023, reversing from a revised 14.9 percent decline in the prior month. The latest result marked the steepest increase in industrial output since last November, as activity rebounded in all sectors, namely mining (7% vs -14.9% in January), manufacturing (3.3% vs -15.6%), electricity and gas supply (2.8% vs -12.4%), and water supply and waste treatment (6% vs -1.4%). Considering the first two months of the year, industrial output fell by 6.3 percent. In 2022, industrial production in the country increased by 7.8 percent. source: General Statistics Office of Vietnam

Industrial Production in Vietnam averaged 8.17 percent from 2009 until 2023, reaching an all time high of 28.40 percent in January of 2010 and a record low of -14.90 percent in January of 2023. 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 March of 2023.

Industrial Production in Vietnam is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Vietnam Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-01-29 02:00 AM Jan -8.0% 0.2% 0.5%
2023-02-28 02:00 AM Feb 3.6% -14.9% -10.2%
2023-03-29 02:00 AM Mar 3.6% 3.7%


Related Last Previous Unit Reference
Industrial Production 3.60 -14.90 percent Feb 2023
Manufacturing Production 3.30 -9.10 percent Feb 2023
Changes in Inventories 148762.62 166647.00 VND Billion Dec 2021
Mining Production 7.00 -4.90 percent Feb 2023
Electricity Production 18500.00 18900.00 Gigawatt-hour Feb 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 -14.90 28.40 -14.90 2009 - 2023 percent Monthly
2015=100, NSA

News Stream
Vietnam Industrial Output Rises the Most in 3 Months
Vietnam's industrial production grew by 3.6 percent year-on-year in February 2023, reversing from a revised 14.9 percent decline in the prior month. The latest result marked the steepest increase in industrial output since last November, as activity rebounded in all sectors, namely mining (7% vs -14.9% in January), manufacturing (3.3% vs -15.6%), electricity and gas supply (2.8% vs -12.4%), and water supply and waste treatment (6% vs -1.4%). Considering the first two months of the year, industrial output fell by 6.3 percent. In 2022, industrial production in the country increased by 7.8 percent.
2023-02-28
Vietnam Industrial Output Falls for 1st Time in 15 Months
Vietnam's industrial production declined by 8.0 percent year-on-year in January 2023, after a 0.2 percent gain in the previous month. This was the first drop in industrial output since October 2021, amid rising cost pressures. Production fell for most sectors, namely mining (-4.9% vs -5.1% in December), manufacturing (-9.1% vs 0.6%), and electricity and gas supply (-3.4% vs 1.3%). At the same time, the output of water supply and waste treatment notably slowed (3.7% vs 5.5%). In 2022, industrial production increased by 7.8 percent.
2023-01-29
Vietnam Industrial Output Rises the Least since 2009
Vietnam's industrial production rose by 0.2 percent year-on-year in December 2022, easing sharply from a 5.3% rise in the previous month. This was the 14th straight month of increases in industrial output but the softest pace at least since 2009 amid growing cost pressures. Output moderated for electricity and gas supply (1.3% vs 4.6% in November), water supply and waste treatment (5.5% vs 13.2%), manufacturing (0.6 % vs 4.4%) while mining production fell (-5.1% vs 16.9%). For full 2022, industrial production expanded by 7.8 percent from the same period in 2021.
2022-12-29