Vietnam’s industrial production has shown signs of recovery and positive growth despite ongoing challenges.

With increasing global demand and the government’s support measures, the business outlook for companies in the field is expected to improve significantly in the coming months, state news agency (VNA) quoted the Ministry of Industry and Trade reports as saying.

Reports from the ministry indicated that between January and April, the index of industrial production went up by about 6% compared to the same period last year. The manufacturing and processing sector, in particular, grew by 6.3%, contributing 5.5 percentage points to the overall increase.

A representative from the ministry attributed this positive outcome to the effectiveness of the government’s support measures, increased FDI inflows boosting domestic production capacity, the global market’s gradual recovery and adaptation to major disruptions in 2022 and 2023, and a rise in new export orders.

Additionally, the capacity of enterprises, especially domestic businesses, has improved, with their confidence bolstered by a stable macro-economic environment and the global market’s recovery trend.