Vietnamese enterprises foresee better performance in Q2 2024: GSO
30 Apr 24 1 min read
Insights
- Vietnam's processing and manufacturing enterprises have forecast better performance in Q2 2024 despite global headwinds, a government survey revealed.
- The index of industrial production (IIP) grew by 5.7 per cent YoY in Q1, with 26 out of 33 industries displaying growth.
- Production of key exports like garments, textiles, shoes and related items bounced back.
Though more stringent requirements on quality, production process, information and green production will pressurise domestic businesses, 82 per cent of the respondent firms expect their business will improve from Q1 2024, while only 18 per cent foresee more difficulties.
The index of industrial production (IIP) grew by 5.7 per cent year on year (YoY) in Q1 2024, with 26 out of 33 industries displaying growth and 12 of them posting two-digit expansion.
Production of key exports like garments, textiles, shoes and related items bounced back.
- Promising progress in German export industry: HCOB Manufacturing PMI
- ADB, LPBank sign $80 mn loan to boost women-owned SMEs in Vietnam
- India’s Apr IIP 147.7; IIP growth rate 5% YoY; manufacturing IIP 144.2
- US net cotton sales surge: Upland sales up 28%, Pima sales up 87%
- Global economic stability expected in 2024: World Bank
- No MoM growth in UK real GDP in Apr 2024; 0.6% YoY growth: ONS
Bac Giang, Thanh Hoa, Quang Ninh, Hai Phong, Vinh Phuc and Thai Nguyen were some of the industrial hubs that saw high increases in IIP in Q1 2024.
Fibre2Fashion News Desk (DS)
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