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.
- Vietnam to continue focus on Northeast Asian markets to boost exports
- Vietnam to increase its share in New Zealand’s apparel imports
- Turkiye's manufacturing sector experiences pronounced slowdown in May
- Vietnam’s rank up 5 spots in Southeast Asia’s Green Economy 2024 index
- Eurozone manufacturing PMI rises in May 2024: S&P Global
- 80% see promising economy in 2024 amid geopolitical risks: WEF survey
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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