Vietnam: Industrial output growth gains steam in September
Latest reading: Industrial production increased 10.8% year on year in September (August: +9.5% yoy). The uptick was chiefly driven by an improvement in both manufacturing output and water supply growth. In contrast, mining and quarrying production contracted at a faster pace, and electricity output growth lost traction.
Meanwhile, the trend improved, with the annual average growth of industrial production coming in at an over one-year high of 7.4%, up from August’s 6.9%.