Vietnam: Industrial output grows at quickest pace in over four years in August
Industrial output increased 29.8% year on year in August (July: +21.2% yoy). The figure marked the best reading since January 2018. The improvement was partly due to faster growth in manufacturing production. In addition, electricity production improved.
Meanwhile, the trend ticked up, with the annual average growth of industrial production coming in at 10.7%, up from July’s 7.4%.