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.

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Vietnam Industrial Production


Vietnam Industrial Production
In Vietnam, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
8.70 8.20 28.40 -10.50 2009 - 2021 percent Monthly
2015=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 02:00 AM Nov 5.6% -1.8% -2.1%
2021-12-29 02:00 AM Dec 8.7% 8.2% -5.8%
2022-01-28 02:00 AM Jan 8.7% 4.3%


Related Last Previous Unit Reference
Industrial Production 8.70 8.20 percent Dec/21
Manufacturing Production 2.90 8.10 percent Jul/21
Changes in Inventories 166647.00 157661.84 VND Billion Dec/20
Electricity Production 20600.00 19900.00 Gigawatt-hour Dec/21
Mining Production -8.00 -4.90 percent Jul/21


News Stream
Vietnam Industrial Output Growth Accelerates
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.
2021-12-29
Vietnam Industrial Output Rebounds
Vietnam's industrial production grew by 5.6 percent year-on-year in November 2021, reversing from a revised 1.8 percent decline a month earlier. This was the first increase in industrial output since June, as the economy recovered from the coronavirus pandemic and concerns over global supply disruptions eased. Production bounced back for all categories: manufacturing (6.4 percent vs -0.8 percent in October), mining (2.2 percent vs -8.2 percent), water supply and waste treatment (1.5 percent vs -1.9 percent), and electricity, gas supply (1.2 percent vs -0.5 percent). Considering the first eleven months of the year, industrial output expanded 3.6 percent over the same period of 2020.
2021-11-29
Vietnam Industrial Output Contracts the Least in 3 Months
Vietnam's industrial production dropped by 1.6 percent year-on-year in October 2021, the least since July, after a revised 7.5 percent decline a month earlier. However, the latest reading pointed to the fourth straight month of fall in industrial output, amid ongoing COVID-19 infections and persistent supply chain disruptions. Production fell at a softer rate for both manufacturing (-1.6 percent vs -6.5 in September) and mining (-7.2 percent vs -12.9 percent), amid a rebound in the output of both water supply and waste treatment (1.5 percent vs -1.9 percent), and electricity, gas supply (2.4 percent vs -11.7 percent). Considering the first ten months of the year, industrial output expanded 3.3 percent over the same period of 2020.
2021-10-29