Vietnam's industrial production increased by 11.4 percent from a year earlier in December of 2018, faster than a 9.6 percent gain in the previous month. It was the steepest rise in industrial output since August, as output advanced further for: manufacturing (13.7 percent vs 11 percent in November); electricity supply and distribution (11.7 percent vs 9.2 percent); and water supply and waste treatment (5.6 percent vs 4.5 percent). Meanwhile, mining and quarrying production declined 3.2 percent, compared to a 0.2 percent rise in a month earlier. Considering full year 2018, industrial production went up 10.2 percent over the same period of the preceding year. Industrial Production in Vietnam averaged 9.14 percent from 2009 until 2018, 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 8.10 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 8.30 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.