IIP grows 12 4 per cent in 10 months highest since 2019

In October 2025, Vietnam's industrial production experienced a 12.4% growth over the past 10 months, marking the highest increase since 2019, according to the National Statistics Office under the Ministry of Finance. The IIP saw a month-on-month increase of 2.3% and a year-on-year rise of 15%.

The manufacturing and processing sector was the primary growth driver, contributing 10.2 percentage points to overall industrial growth, expanding by 13% over 10 months. Mining increased by 7.1%, contributing 1.1 percentage points, while electricity generation and distribution grew by 10.6%, adding 1 percentage point.

Water supply, waste, and wastewater management and treatment saw a 9.2% increase, contributing 0.1 percentage point to the growth. Over the first 10 months, several major industrial subsectors, such as metal production, beverage production, electronic products, computers, optical products, motor vehicle manufacturing, rubber and plastic products, and food processing, recorded strong growth.

In contrast, the manufacture of leather and related products saw a modest 4.3% increase, while hard coal and lignite extraction declined by 0.6%. The output of major industrial products like tablets, motorcycles, laptops, automobiles, and rolled steel also increased significantly.

Employment in industrial enterprises across Vietnam also saw an improvement, rising by 0.8% month-on-month and 3.2% year-on-year as of October 2025. Notably, Ha Tinh led with a 41.1% growth in manufacturing and processing, followed by Quang Ninh at 34.2%, Ninh Binh at 26.1%, Nghe An at 25.8%, Thai Nguyen at 23.3%, and Bac Ninh at 20.5%.