The index of industrial production (IIP), foreign direct investment (FDI) and export-import were among the bright spots of the national economy in the first five months of this year, experts have said.

Industrial production continued to thrive in the first quarter with the entire sector’s added value rising 6.18% year on year, the Ministry of Industry and Trade (MoIT) reported.

Vietnamese enterprises and authorities are taking action right from the start of 2024 to promote industrial production though many challenges remain in the global economy.

The index of industrial production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year, reported the General Statistics Office (GSO).

Vietnam’s index of industrial production (IIP) went up 1% in the first 11 months of 2023 with the November IIP alone rising 5.8% year-on-year, according to the General Statistics Office (GSO).

Vietnam’s index of industrial production (IIP) went up 0.5% in the first ten months of this year with the October IIP alone rising 4.1% year-on-year, according to the General Statistics Office.

VOV.VN - Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year soared by 3.2% year-on-year, regaining its attractiveness to foreign investors, suppliers and clients.

Vietnam’s industrial production this month continued a more positive trend, with the index of industrial production (IIP) estimated to rise by 2.9% over the previous month and 2.6% over the same period last year, the General Statistics Office (GSO) reported.

Ho Chi Minh City’s Index of Industrial Production (IIP) in August increased 6.6% over the same period last year, according to the municipal Department of Industry and Trade.

Vietnam’s economy has begun to gather steam again since the start of the third quarter of this year, helping consolidate confidence of businesses and investors, experts have said.