Vietnam Industrial Production YoY YTD
Output & Demand · Monthly series · VNIPYY
Latest, October 2026
12.0%
+0.33pp from September 2026
Recent history
| Period | Value |
|---|---|
| October 2026 | 12.0% |
| September 2026 | 11.7% |
| August 2026 | 11.1% |
| July 2026 | 10.6% |
| June 2026 | 9.9% |
| May 2026 | 9.3% |
| April 2026 | 9.1% |
| March 2026 | 9.1% |
| February 2026 | 10.0% |
| January 2026 | 19.4% |
| December 2025 | 9.3% |
| November 2025 | 9.3% |
| October 2025 | 9.3% |
| September 2025 | 9.2% |
| August 2025 | 8.7% |
| July 2025 | 8.7% |
| June 2025 | 9.0% |
| May 2025 | 9.1% |
| April 2025 | 9.0% |
| March 2025 | 8.8% |
| February 2025 | 8.3% |
| January 2025 | -1.0% |
| December 2024 | 8.1% |
| November 2024 | 8.1% |
Forecast
Forecast for October 2027: 8.4%, with an 80% interval of 1.0% to 16.5%.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 11.5% | 9.9% | 13.9% |
| December 2026 | 11.1% | 8.6% | 14.6% |
| January 2027 | 10.6% | 6.4% | 14.8% |
| February 2027 | 10.3% | 6.1% | 14.9% |
| March 2027 | 9.9% | 5.4% | 15.0% |
| April 2027 | 9.7% | 4.6% | 15.8% |
| May 2027 | 9.0% | -1.1% | 19.1% |
| June 2027 | 9.2% | 2.5% | 16.3% |
| July 2027 | 8.9% | 3.4% | 15.3% |
| August 2027 | 8.7% | 3.2% | 15.6% |
| September 2027 | 8.5% | -0.3% | 16.8% |
| October 2027 | 8.4% | 1.0% | 16.5% |
Accuracy: Beats no-change, won 8 of 12 test years. Its errors were 0.85 times those of a no-change forecast (MASE). The 80% band held 82% of outcomes. No-change is a forecast that keeps the latest value.
Commentary
Industrial production YoY is forecast to decline to 9.71% by Apr 2027, down from 12.01% in Oct 2026.
Trajectory: falls from 12.01% in Oct 2026 to 9.71% by Apr 2027, driven by weaker global smartphone and electronics demand.
Trajectory: 11.12% Dec 2026 versus 12.01% Oct 2026, supported by large FDI and strong electronics exports (Samsung expansions, GSO export data).
Trajectory: sliding to 8.40% by Oct 2027, pressured by falling new export orders and SBV liquidity withdrawal.
Source
Data: ECONOMICS feed via TradingView.
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