The GSO said the IIP in the first five months soared 6.8 per cent year-on-year. Electricity production and distribution was up by 12.7 per cent and water supply, waste and wastewater management and treatment activities by 6.3 per cent. According to the GSO, the IIP increased in 55 localities and dropped in eight during the reviewed period. Localities that saw a fall included Hà Tĩnh (9 per cent); Quảng Ngãi (8.2 per cent) and Cà Mau (2.5 per cent). Việt Nam's participation in numerous free trade agreements and its open economy made it susceptible to negative impacts from these risks.

Source: Viet Nam News June 02, 2024 11:30 UTC