Vietnam manufacturing starts 2017 firing on all cylinders
The manufacturing sector starts the new year amid a surge in new orders with the Industrial Production Index having increased 8.30% in December, 2016 over the same month in 2015, reports the General Statistics Office.
The economy is starting the year on a high note with the manufacturing sector showing signs of faster growth, says the GSO.
The gain is within economists’ expectations for the index that has averaged 9.09% from 2009 until 2016. The fact that the end of the year figure is slightly below the average simply reflects that low energy prices are weighing the index down.