Vietnam Industry and Trade News Bulletin for JULY 31, 2023
A. POSITIVE ECONOMIC INDICATORS 1. Industrial Production Recovery • IIP Growth: The Industrial Production Index (IIP) in July 2023 showed signs of recovery, increasing by 3.9% compared to the previous month and 3.7% year-on-year. Notably, the processing and manufacturing sector rose by 3.6%, while electricity production and distribution increased by 4.1%. • Regional Performance: Several localities saw a sharp rebound in industrial activity, with Bac Ninh recording a significant 23.8% increase in its IIP for…