Vietnamese economy overcomes difficulties, maintains growth momentum

In February, the country’s Index of Industrial Production (IIP) rose by 8.5% year on year, marking the fourth consecutive month of increases. Manufacturing and processing continued to be the leading driver of growth.

Total retail sales of consumer goods and services in February also increased by 3.1%.

During the first two months, the total number of newly-established enterprises and those restarting operations rose by over 46%.

The inflation rate was maintained at an appropriate level, while FDI attraction continued to recover. Despite the long Lunar New Year holidays, Vietnam's import and export activities continued to maintain a double-digit growth rate.