Vietnam Q2 Industrial Value Estimated to Rise 14% On-year: Ministry
The Vietnamese Ministry of Industry and Trade estimates the industrial production output will rise between 13% and 14% from a year earlier in the second quarter, but giving no exact figure.
The growth will be conditional upon disbursement of loans to enterprises and farmers as promulgated in the prime minister’s Decree 2231 and power supply for production.
Vietnam’s industrial production output rose 13.5% from a year earlier to VND236.7 trillion ($12.46 billion) in the first four months of this year.
In April, the country’s industrial production value hit VND62.7 trillion, up 13% against the same month of last year. (Vietnam Economic Times)
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