Vietnam’s exports hit US$37.8 billion in August bringing the country’s total exports for the year to US$265.4 billion, an increase over 2023 of 15.9 percent. This growth was buoyed by double-digit increases in exports of computers, electrical products, spare-parts and components thereof; as well as high single-digit growth in textiles and garments and wood and wooden products.

This data sita along side an increase in Vietnam’s Industrial Production Index of 2 percent in August over July and a Purchasing Managers’ Index in a growth phase in August for the fifth month in a row, and speaks to increasingly stable growth in Vietnam’s manufacturing and processing industry after a challenging 2023.

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