In the first half (H1) of 2025, the IIP rose by 9.2 per cent YoY, marking the highest growth rate since 2020.
Garment production rose by 15.1 per cent YoY and manufacturing of leather and related products increased by 17.1 per cent YoY in H1 2025.
Extraction of crude oil and natural gas decreased by 8.2 per cent YoY in the first six months.
Sixty two localities recorded YoY IIP growth in H1 2025, with former Ba Ria-Vung Tau province (now part of Ho Chi Minh City) reporting a 2.6-per cent drop, a domestic news agency reported.
High growth rates in several localities were attributed to strong performance in processing and manufacturing industries, as well as in electricity production and distribution.
Foreign direct investment continued to flow predominantly into processing and manufacturing.
Inventory levels in the processing and manufacturing sector have risen significantly, averaging 85.7 per cent in H1 2025 compared to 76.9 per cent in the same period last year.
NSO expects the country’s industrial production to maintain its growth trajectory in H2 2025.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
