Vietnam’s General Office of Statistics has found that Vietnam’s Industrial Production Index decreased by 18 percent in February compared to January and 6.8 percent compared the February of 2023. Note that last year the Lunar New Year, for which there are five public holidays, was in January in 2023 but February in 2024. February is also a shorter month.
Key changes from January to February
- Mining decreased 16.9 percent;
- Manufacturing and processing fell by 18.6 percent;
- Production and distribution of electricity, gas, hot water, steam and air conditioning fell by 17.1 percent; and
- Water supply; waste and wastewater management and treatment activities fell by 3.2 percent.