Figures from the General Statistics Office of Vietnam (GSO) show that industrial production in February was estimated to have fallen by 18 per cent compared to January and by 6.8 per cent compared to February 2023 due to the Lunar New Year (Tet) holiday. However, with a high 18.3 per cent increase posted in January, the production index for the entire industrial sector increased 5.7 per cent in the first two months over the same period last year.