Vietnam's industrial production increased 6.3% YoY in April, driven by processing and manufacturing, while exports rose 10.6% YoY to $30.94bn.

Vietnam's industrial production increased by 6.3% year-on-year in April, driven by growth in the processing and manufacturing sector, according to the General Statistics Office. However, the mineral exploitation sector reported a decline of 4.6%. Exports in April reached $30.94bn, up 10.6% year-on-year, while imports rose 19.9% to $30.3bn. Despite the World Bank forecasting a 5.5% GDP growth for 2019, Vietnam targets 6%-6.5% growth this year.

April 29, 2024
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