Vietnam: Industrial output growth gains steam in May
Latest reading: Industrial output grew 9.4% compared to the same month a year earlier in May, which was above April’s 8.8% increase. Looking at the details of the release, manufacturing production accelerated in May. Moreover, mining and quarrying output increased at a quicker pace. Meanwhile, electricity production slowed.
Meanwhile, annual average of industrial production was 9.3% in May, matching April’s print.