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Vietnam Industrial production February 2023

Vietnam: Decline in industrial activity softens in February

Industrial output declined 3.0% in year-on-year terms in February, which was markedly softer than January’s 18.3% decrease. The softer drop was largely due to softer falls in in manufacturing output and electricity production.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 11.8% in February, down from January’s 13.5%.

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