Vietnam: Industrial activity deteriorates in March
Industrial output dived 12.1% compared to the same month of the previous year in March, which followed February’s 6.1% decrease. Looking at the details of the release, March’s downturn was largely driven by a faster fall in manufacturing output. Furthermore, production contracted in both the electricity, and mining and quarrying subsectors.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 9.0% in March, down from February’s 11.5%.