♦ Vietnam’s industrial production moderated to 13.0% yoy in April, from +14.0% in March, indicating that industrial activities remained resilient underpinned by an improvement in exports.
♦ Exports, on the other hand, rebounded to increase by 8.9% yoy in January-April, from -1.6% in January-March, underpinned by a strong pick-up in exports of multinational companies. This was reflected in a pick-up in the exports of wooden products, clothing, machinery equipment & parts and electric wires & cables. Stronger growth in the exports of other manufactured goods and smaller declines in the exports of agriculture products and crude oil also helped. Although imports moderated to 35.6% yoy in January-April, from +37.6% in January-March, it remained strong, indicating that domestic demand and exports will likely remain resilient
Economic Highlights - Economic Activities Improved In April
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