HCMC – Vietnam’s index of industrial production (IIP) in January-July has improved by 8.6% year-on-year, with the manufacturing and processing sector remaining the main growth driver, up 10.3%, according to the General Statistics Office (GSO).
Electricity generation and distribution rose by 4.6%, and water supply and waste treatment increased by 10.4%. But the mining sector declined by 2.7%.
Several key level-two industries experienced strong growth, including motor vehicle manufacturing (up 29.9%), rubber and plastic products (up 16.9%), leather and related products (up 15.4%), and other non-metallic mineral products (up 14.8%).
Since the beginning of the year, industrial production has increased across all 34 provinces and cities. Several localities reported notable growth in their IIP, driven by strong performances in manufacturing, processing, and electricity production and distribution.
Many key industrial products posted significant growth compared to the same period last year, such as automobiles (up 64.4%), televisions (up 21.1%), NPK fertilizer (up 19.7%), casual wear (up 14.9%), and cement (up 14.8%).
Conversely, some products saw declines, including natural gas (down 12.9%), artificial fiber fabric (down 5.2%), and crude oil output (down 3.1%).
As of July 1, the number of employees working in industrial enterprises rose by 1% compared to the previous month and by 3.9% year-on-year.
Data from the General Statistics Office showed that the IIP in July is estimated to expand by 0.5% over the previous month and by 8.5% compared to the same period in 2024.
