Vietnam's industrial production rose by 8.7 percent year-on-year in December 2021, following an upwardly revised 8.2 percent gain a month earlier and pointing to the second straight month of increase. The latest figure also marked the strongest growth in industrial output since May, as the economy recovered further from the coronavirus pandemic and concerns over global supply disruptions eased. Production of manufacturing grew faster (10.9 percent vs 6.4 percent in November) on the back of a strong pickup in the output of electricity, gas supply (9.1 percent vs 1.2 percent) and a further rise in production of water supply and waste treatment (0.8 percent vs 1.5 percent). By contrast, mining output fell by 7.1 percent after gaining 2.2 percent in November. Considering the whole year, industrial output expanded 4.8 percent over the same period of 2020. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.35 percent from 2009 until 2021, 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 January of 2022.
Industrial Production in Vietnam is expected to be -9.90 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 2022, according to our econometric models.