Vietnam’s Industrial Production Index–or IIP–was up 20 percent in March over February according to Vietnam’s General Office of Statistics. Notably, the IIP saw an 18 percent fall in February as a result of the Lunar New Year holiday and in this context these latest results seem to indicate a return to normal.
The biggest gains in March were in:
- Other common machines, up 102.7;
- Lifting, lowering and loading equipment, up 94.9;
- Manufacture of other specialised machines, up 68.9; and
- Machinery and equipment not classified elsewhere, up 63.3.
The biggest falls were in:
- Plastic and synthetic rubber in primary forms, down 38.8;
- Refined petroleum products, down 10.9;
- Coke and refined petroleum products 10.4; and
- Chemicals and chemical products, down 6.1.