Vietnam’s industry sector has seen continuous recovery with the index of industrial production (IIP) expanding 6.0% year on year in the first four months of this year, according to the Ministry of Industry and Trade (MoIT).

Despite lingering difficulties, businesses have recovered their confidence, the Private Economic Development Research Board (Board IV) under the Prime Minister’s Administrative Reform Advisory Council underlined in its latest report on business situation in 2023 and outlook for 2024.

A report on the macro-economic situation of Ho Chi Minh City in 2023, which also gives forecasts related to the southern hub’s economic growth in 2024, was launched at a seminar held by the University of Economics Ho Chi Minh City (UEH) and the municipal Statistics Office on January 4.

National Assembly (NA) Chairman Vuong Dinh Hue asked agencies of the NA and its Standing Committee to keep a close watch on the macro-economic situation, as well as financial, monetary, stock and real property markets, while meeting their standing members on February 7.

The State Bank of Vietnam held its interest rates steady, and signaled it plans to stay hold until the end of 2019.

Experts have forecast minimal pressure on exchange rates in 2019, with little chance of significant volatility.

Vietnam's logistics sector is expected to maintain high growth this year, according to a Vietcombank Securities (VCBS) report.