Economic outlook – gloomy or not?
While many enterprises have in a recent survey held a negative viewpoint on the economy in the rest of 2023, official data paint another picture. The Board for Private Economic Development Research in a recent report stated that around 82% of nearly 10,000 enterprises being surveyed are downbeat
Industrial production in 49 provinces improves in Jan-May
HCMC – The index of industrial production (IIP) in Vietnam improved in 49 out of the nation’s 63 centrally-governed provinces and cities in January-May, according to the General Statistics Office (GSO). However, overall, the IIP declined by 2% year-on-year during this time. The GSO attributed the
Around 77,000 firms exit market in Jan-Apr
HCMC – The Government has sent a report on the nation’s socio-economic performance to the National Assembly, emphasizing that around 77,000 businesses have pulled out of the market in the first four months of the year, surging 25% year-on-year. Nearly 78,900 enterprises came into existence or
Binh Duong’s key economic indicators see negative growth in Q1
HCMC – The southern province of Binh Duong has seen its economic indicators drop in the first quarter of the year, while employees leaving the market outnumbered those entering. Preliminary data from the government of Binh Duong showed that the index of industrial production of the province in the
Manufacturing business conditions improve in February
HCMC – The Vietnamese manufacturing sector has seen a pickup in new orders, leading to higher output, employment and purchasing activity. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) was 51.2 in February, ending a string of contractions and up 3.8 points from 47.4 in
HCMC’s industrial production down 21% in January
HCMC – The index of industrial production (IIP) of HCMC in January fell 21.4% against December last year and 15% against the same period last year, according to the city’s Department of Industry and Trade. The IIP fall resulted from the week-long Lunar New Year holiday in the final week of last
Vietnam has trade surplus of over US$3.6 billion in January
HCMC – Vietnam posted a trade surplus of US$3.6 billion in January, showed data of the General Statistics Office. Exports amounted to over US$25 billion in the month, down 13.6% month-on-month and 21.3% year-on-year. Imports were put at US$21.5 billion, down a steep 21.3% against December 2022 and
HCMC sees IIP rebounding strongly in 2022
HCMC – The index of industrial production (IIP) of HCMC in 2022 is estimated to expand 17.3% over 2021, indicating the city’s economic recovery is on track. The IPP of four key industries has grown nearly 20%, 2.6 percentage points higher than the overall growth of the industrial production