Industrial production continues to change for the better
Though the global economic situation is still problematic and market demand is yet to recover, with a stable macro-economic foundation and synchronous measures to support domestic production, expand the domestic market, and boost exports, industrial production in November continued to see positive signs. According to the General Statistics Office of Vietnam (GSO), the Index of Industrial Production (IIP) in November was estimated to have increased by 3 per cent against October and by 5.8 per cent compared to November 2022. This is the highest growth posted for the past 13 months. Overall, in the first eleven months of 2023, the IIP was estimated to have increased by 1 per cent compared to the same period last year. The manufacturing and processing sector has affirmed its No. 1 position, continuing to lead in FDI attraction.