Q3/2025 to achieve double-digit growth

According to data released by the General Statistics Department under the Ministry of Finance on October 6, 2025, Vietnam’s Industrial Production Index (IIP) in the third quarter of 2025 increased by an estimated 10% compared to the same period last year. This marks the first double-digit growth since 2020.

The strong performance was attributed to intensified manufacturing for exports, as well as more active mining and electricity production in recent months. For the first nine months of 2025, the IIP rose 9.1% year-on-year, with the manufacturing and processing sector expanding 10.4% - the highest growth rate since 2020.

Within major sectors, manufacturing and processing contributed 8.4 percentage points to overall growth, electricity production and distribution rose 6.1%, and water supply and waste management climbed 8.8%. Meanwhile, mining saw a slight increase of 0.1% after several years of decline.

Notably, several key industries posted robust gains: motor vehicle production rose 26%, rubber and plastic products 17.3%, non-metallic minerals 15.6%, apparel 13.5%, fabricated metals 12.7%, leather and footwear 12.5%, and food processing 10.6%. Conversely, beverage manufacturing increased only 3.8%, while crude oil and natural gas extraction fell 4.7%.

Industrial production index increased in 34 localities

The IIP increased across all 34 provinces, reflecting broad-based industrial recovery. Some provinces recorded significant gains thanks to strong manufacturing and power generation, while others grew modestly due to slower mining and industrial activity.

Output of key industrial products rose sharply: automobiles up 52.7%, televisions 21.8%, fertilizers 15.9%, cement 15.3%, rolled steel 14.7%, garments and leather shoes both up 14.4%. Meanwhile, natural gas dropped 8.3% and synthetic fiber fabrics fell 2.4%.

The consumption index for the manufacturing sector in September 2025 increased 0.1% month-on-month and 9.3% year-on-year. For the first nine months, the figure rose 9.1% compared to the same period of 2024.

At the same time, the inventory index for manufacturing as of September 30, 2025, increased 4.9% month-on-month and 13.3% year-on-year. The average inventory ratio stood at 82.3%, higher than 76.8% in the same period last year.

Employment in the industrial sector also improved, rising 1.2% from the previous month and 4.5% year-on-year. Employment in foreign-invested enterprises grew 5.2%, outpacing the state-owned and domestic private sectors.

Overall, the data confirms a strong rebound in industrial production, driven by resilient manufacturing, growing exports, and solid labor recovery heading into the final quarter of 2025.