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Vietnam’s Industrial Production Surges

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Vietnam’s industrial production index (IIP) grew by 3.9% over April and 8.9% compared to the same period last year, according to the General Statistics Office (GSO).

The GSO said the IIP in the first five months soared 6.8% year-on-year.

The manufacturing and processing sector increased by 7.3%, electricity production and distribution was up by 12.7%, and water supply, waste and wastewater management, and treatment activities by 6.3%. However, the mining sector dropped by 5.2%.

The most promising sectors were rubber and plastic, up 27%, and furniture, up by 24%.

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