Good IIP and retail sales growth strengthen optimistic outlook for manufacturing and services. Industrial Production: In June 2017, Vietnam’s Industrial Production Index (IIP) rose 8.6% YoY, higher than the rate of 7.4% in the same period last year, with a strong growth of manufacturing IIP (13.2% YoY). In 6M 2017, IIP grew 6.2% YoY (Q1 2017: +4.3% YoY, Q2 2017: +7.8% YoY), lower than 7.2% YoY in H1 2016 but higher than 5.8% YoY in 5M 2017.