With market demand improving and new orders returning to growth, optimism continued to grow regarding production prospects for the year.

Vietnam’s industrial production in 2023 is forecast to increase by 6.6% year on year.

The rapid decline in Covid-19 cases in Vietnam helped lead to renewed growth of output and employment in April amid a return to more normal business conditions.

While the Vietnamese manufacturing sector remained in growth territory in November, a renewed wave of the Covid-19 pandemic clouds the near-term outlook for firms.