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Update news vietnam's industrial production
The manufacturing and processing sector - the main driver of overall industrial growth - expanded by 10.8%, contributing 8.8 percentage points to the industrial production index (IIP).
A survey conducted by VCCI showed that nearly 65% of Vietnamese enterprises had not prepared anything when participating in the global supply chain.
In February, the IIP was estimated to decrease by 2.2% compared to January, but expand by 17.2% compared to the same month last year.
Vietnam’s index of industrial production (IIP) in January fell 9.2% against the previous month and inched up 0.6% year-on-year, according to the General Statistics Office (GSO).
Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).
Vietnam's industrial production has shown signs of recovery and positive growth despite ongoing challenges, the Ministry of Industry and Trade has assessed.
Industrial production in Vietnam has shown signs of recovery and is believed to have a bright prospect in 2024 thanks to the global consumption rebound and support from the Government, ministries, and sectors.
Vietnam’s industrial production remains challenged despite signals of recovery in August, while a decline in business confidence means it may be a stretch to hit government-set goals.
The first quarter of 2023 saw a decline of 2.2% in the Index of Industrial Production (IIP) compared to the same period last year, due to the impact of the world economy's challenges on domestic production and business.