Vietnam - Industrial Production
Vietnam: Industrial Production
| Mnemonic | IP.IVNM | |
|---|---|---|
| Unit | Index 2015=100, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | 5.11 % | |
| Data | Feb 2023 | 137.12 |
| Jan 2023 | 130.46 | |
Series Information
| Source | General Statistics Office of Vietnam |
| Release | Industrial Production Index |
| Frequency | Monthly |
| Start Date | 1/31/2008 |
| End Date | 2/28/2023 |
Vietnam: Business
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Industrial Production | Feb 2023 | 137.12 | 130.46 | Index 2015=100, NSA | Monthly |
| Change in Inventories | 2021 | 151,762 | 131,756 | Bil. VND | Annual |
| Real Change in Inventories | 2021 | 99,495 | 91,998 | Bil. 2010 VND | Annual |
Release Information
For Vietnam, the Main Industrial Products released by the General Statistical Office (GSO) is based on the volume of production. It covers the following industries: mining, manufacturing, electricity, gas and water supply.
Active:
- Classification:
- Taxonomy: VSIC 2007
- Scope: Sections B to E
- Measurement: Fixed-base index relative to 2015 (Index 2015=100)
- Adjustment: Not seasonally adjusted (NSA)
- Native frequency: Monthly
- Start dates:
- 2017m1 for general index
- 2018m1 otherwise
Predecessors:
- 2010=100 - 2013* to 2017
- 2005=100 - 2008 to 2012
Raw values (discontinued):
- Measurements:
- Thousands count (Ths. #)
- Millions count (Mil. #)
- Thousands of tons (Ths. kg)*
- Square meters (Mil. m2)
- Cubic meters (Mil. m3)
- Fixed-base index
- Moving-base index relative to corresponding period of previous year (Index M/M)*
- Cumulations:
- None
- Year-to-date (YTD)
- Start date: As early as 2005m1
- End date: As late as 2016m12
From 2008, the GSO concurrently publishes two types of IPI:
First, the monthly IPI is calculated based on the indicator "gross industrial output at constant 1994 prices" which has been published for many years. The IPI measures changes in physical production volume, detailed by groups of commodity industries. Currently, output is recorded at producers' prices. The volume data are collected monthly from all state-owned enterprises. The data for other enterprises are estimated based on the results of sample surveys. The response rate of selected enterprises is around 90 to 95 percent. The missing data are estimated by using growth in closely related enterprises that have responded.
Second, the new Industrial Production Index uses the base year of 2015. The new index measures changes in the volume of main industrial products with the weight of value added. The new index is calculated from the data of a selected sample of establishments. The sample is selected at 3 levels with at least 75% representation for 3 industries at one digit:
- industries at 4 digit having the largest value added.
- products having the largest value added.
- establishments having the largest volume of products.
The response rate for selected establishments is around 92 to 95 percent.
Timeliness
Monthly estimates are released on day 24 or 25 of the reference month.
Moody's Analytics supplements
We back-extend the general index using its predecessors. The source also reports an annual average year-over-year index for each year, which we apply to ensure that each annual average is at the correct level relative to the latest reported data. Because we prioritize the year-over-year indexing, the annual average for 2015 does not exactly equal 100.
Data is revised when new data becomes available.
