According to data released by the General Statistics Office on August 6, The Industrial Production Index (IIP) rose by 8.6% compared to the same period in 2024, with growth observed in all 34 surveyed localities. The primary drivers were the manufacturing and processing sector and the electricity production and distribution sector.

In July alone, the IIP grew by 0.5% month-on-month and 8.5% year-on-year. For the January-July period, the manufacturing and processing sector surged by 10.3%, contributing 8.5 percentage points to the overall growth. The water supply, waste, and wastewater management sector increased by 10.4%, while electricity production and distribution rose by 4.6%. The mining sector, however, declined by 2.7%.

Several key industries posted impressive IIP growth in the first seven months of 2025 compared to the previous year. Automobile production led with a remarkable 29.9% increase, followed by rubber and plastic products at 16.9%, leather and related products at 15.4%, apparel at 14.5%, and other transport equipment at 12.2%. 

Conversely, some sectors saw modest growth or declines. Beverage production rose by 3.1%, and electrical equipment by 3.0%, while oil and gas extraction fell by 8.1%, and pharmaceuticals dropped by 4.9%.

Several mainstay industrial products recorded significant growth compared to the same period in 2024. Automobile production soared by 64.4%, television production by 21.1%, NPK fertilizer by 19.7%, leather footwear by 13.6%, and rolled steel by 11.5%. However, products such as natural gas, crude oil, and mobile phones experienced slight declines. 

As of July 1, 2025, employment in industrial enterprises increased by 1.0% month-on-month and 3.9% year-on-year. Foreign-invested enterprises saw the highest growth at 4.6%, followed by non-state enterprises at 2.7% and state-owned enterprises at 0.5%.

The sustained growth in industrial production and employment highlights Vietnam’s robust industrial sector, driven by strong manufacturing and energy sectors, despite challenges in mining and select industries.