FX.co ★ Vietnam Industrial Output Growth Slows

Vietnam’s industrial production rose 8.8% year-on-year in May 2026, slowing from a downwardly revised 9.3% increase in April. The moderation was largely driven by weaker growth in mining and quarrying (6.0% vs. 8.4% in April), electricity and gas supply (8.5% vs. 10.3%), and water supply, waste management, and wastewater treatment (8.7% vs. 16.5%). By contrast, manufacturing activity remained broadly steady, expanding 9.0% compared with 9.1% in April and continuing to anchor overall industrial growth. On a monthly basis, industrial output climbed 3.3%, signaling sustained momentum in the sector. Over the January–May period, industrial production increased 9.1% from a year earlier, underscoring the resilience of industrial activity despite the slight slowdown in May.