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Vietnam Industry July 2022

Vietnam: Industrial output notches quickest growth since April 2021 in July

Industrial output expanded 22.6% compared to the same month of the previous year in July, which was above June’s 20.3% increase. The reading marked the strongest expansion since April 2021. July’s rise was largely due to faster growth in manufacturing production. In addition, electricity production rebounded.

Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at an over one-year high of 7.6%, up from June’s 5.5% reading.

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