Industrial production rises at fastest pace since late 2018

04/05/2021 10:10 21

Industrial production rises at fastest pace since late 2018


Total new orders increased for the eighth month running, and at the fastest pace in close to two-and-a-half years.

The Vietnam Manufacturing Purchasing Managers' Index (PMI) rose for the third month running, posting 54.7 in April following a reading of 53.6 in March and was the strongest since November 2018, according to Nikkei and IHS Markit.

Expectations that the Covid-19 pandemic will remain under control leading to higher demand, and the introduction of new product lines, supported ongoing confidence among firms regarding the 12-month outlook for production.

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