Vietnam's industrial production rose by 15.6 percent year-on-year in August 2022, the most since January 2021, after a downwardly revised 9.5 percent growth a month earlier. The latest figure also pointed to the tenth straight month of increases in industrial output, as the economy reopened further in the wake of COVID-19 disruptions. Output growth accelerated for both manufacturing (16.2 percent vs 11.1 in July) and electricity, and gas supply (14.8 percent vs 6.2 percent), while there was a sharp rebound in production of mining output (10.2 percent vs -2.8 percent) on the back of a further increase in water supply and waste treatment (11.0 percent vs 12.1 percent). Considering the first eight months of the year, industrial production expanded 9.4 percent from the same period in 2021. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.44 percent from 2009 until 2022, 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 September of 2022.
Industrial Production in Vietnam is expected to be 11.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2023, according to our econometric models.