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Vietnam Industrial production April 2023

Vietnam: Decline in industrial activity softens in April

Industrial output slid 11.2% in year-on-year terms in April, which was a less pronounced contraction than March’s 12.1% decrease. Manufacturing plus mining and quarrying output contracted at a lower rate, while energy output grew at a quicker rate.

Meanwhile, annual average industrial production growth fell to 6.4% in April (March: +9.0%). This signals a worsening trend in the industrial sector.

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