Vietnam's Industrial Production Index Rises 8.4%

The industrial production index (IIP) in Vietnam is projected to increase by 8.4% in 2024, marking the highest growth since 2020, driven largely by the processing and manufacturing sector, which saw a 9.6% rise. Concurrently, the global chemical industry is expected to grow from USD 6,182 billion in 2024 to USD 6,324 billion in 2025, supported by recovery trends and the adoption of digital technologies in manufacturing. Looking ahead to 2025, manufacturers are prioritizing technology strategies, including the use of digital simulation to enhance operational efficiencies, as the sector prepares for a