Industrial production was still exhibiting positive signs at the beginning of the second quarter. The Index of Industrial Production (IIP) in the first four months of the year rose 6.0 per cent over the same period of 2023, according to the General Statistics Office (GSO). Notably, the performance of 54 of Vietnam’s 63 cities and provinces made important contributions to overall production growth. The manufacturing and processing sector continued to hold top position in FDI attraction. Another positive sign is that business trends are gradually improving. The report on the Purchasing Managers Index (PMI) in April from S&P Global shows that the manufacturing sector has regained growth momentum, posting its third improvement in the past four months.