Vietnam's industrial production increased by 10.3 percent from a year earlier in February 2019, accelerating from a-three month low of 7.9 percent in the previous month, as output rose solidly for: manufacturing (12.8 percent vs 10.1 percent in January); electricity supply and distribution (10.9 percent vs 8.8 percent); and water supply and waste treatment (7.2 percent vs 9.4 percent). By contrast, mining and quarrying production continued to fall (-5 percent vs -6.7 percent). Considering the first two months of the year, industrial output grew by 9.2 percent compared to the same period a year earlier. Industrial Production in Vietnam averaged 9.15 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 8.40 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 7.70 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.