Từ khóa: #economic recession

HCMC’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9 percent compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.

The tense global situation as well as rather gloomy national economic health at the end of 2022 has had adverse impacts on the life of a large quantity of citizens and operation of businesses. Both the municipal authorities and the community in Ho Chi Minh City are closely cooperating with one another to overcome such severe challenges, which is forecast to last for a long time.

Several export businesses are facing a severe crunch of orders, especially in textiles, garments, footwear, and furniture.