Vietnam's industrial production rose by 10.2 percent year-on-year in September 2019, easing from a 10.5 percent gain in the previous month, amid a sharp decline in mining and quarrying (-6.6 percent vs 14.4 percent in August). Meanwhile, output growth accelerated for manufacturing (12.3 percent vs 10.3 percent), electricity supply and distribution (10.6 percent vs 10.3 percent), and water supply and waste treatment (8.9 percent vs 7.6 percent). Considering January to September, industrial output grew by 9.6 percent compared to the same period the prior year. Industrial Production in Vietnam averaged 9.18 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 8.30 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 8.00 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.