Vietnam's industrial production rose by 10.4 percent year-on-year in May 2022, slowing from after an upwardly revised 11.1 percent gain a month earlier while pointing to the seventh straight month of increases. Output growth moderated for both mining (4.2 percent vs 7.9 percent in April) and electricity, gas supply (2.4 percent vs 8.6 percent). At the same time, production grew faster for both manufacturing production (12.1 percent vs 11.7 percent) and water supply and waste treatment (5.5 percent vs 2.7 percent). For the first five months of the year, industrial output advanced 8.3 percent from the same period of 2021. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.36 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 June of 2022.
Industrial Production in Vietnam is expected to be 3.10 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.