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Vietnam's Feb industrial production index up by 5.1% MoM, 3.6% YoY
05 Mar '23
1 min read
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The index of industrial production (IIP) in Vietnam rose by 5.1 per cent in February compared to the January figure, according to the General Statistics Office (GSO), which attributed the rise to more working days than January and more workers returning to factories after the Lunar New Year holiday. The IIP rise was 3.6 per cent year on year (YoY) in the month.
Manufacturing activity during the month expanded by 3.3 per cent YoY. The two-month industrial production index rose in 44 provinces and cities and decreased in the remaining 19.
However, the IIP figure for the first two months this year fell by 6.3 per cent YoY as the global economy kept facing several difficulties and inflation in many countries remained high despite having moderated, according to a news agency. Manufacturing slid by 6.9 per cent YoY during the two-month period.
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